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Silver, Gold and the Commodities Index (below) have struggled to move higher since they peaked back in 2011. Could Silver be about to end its 7-year bear market? Are commodities about to enter into a long-term upward cycle?

The chart above looks at Silver over the past 40-years. It is possible that it is forming a bullish multi-decade “Cup & Handle” pattern.

Silver currently remains inside of a 7-year falling channel, which could be the handle of the long-term bullish pattern. If Silver would breakout at (1), it would send a bullish price message and should attract buyers. The top of the handle pattern comes into play as resistance right now so this is a very important test for Silver! Big test friends to see if its “Hi-Yo Silver” time!

Are commodities in general about to blast off higher? Below looks at the TR commodity index over the past 40-years-

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The TR Commodities index above seems to be influenced by a 16-year cycle. As the cycle could ready to start another upward trend, the index finds itself testing the top of a 7-year falling channel, similar to Silver. If the index would breakout above resistance at (1), it would send a bullish price message to this hard-hit sector, which should attract buyers.