![silver chart](https://images.forexlive.com/images/silver%20chart_id_fb9d0cf2-4006-44b8-a46b-6e20effda710_original.jpg)
The silver bulls are a special kind but this weekend they will be celebrating.
Silver has broken out today, in a technical waterfall.
It started with the break of $30/oz and the February high, which is just above. That's led to a rush of buying and short covering in a 6% rip to $31.37. That's the highest since 2013.
Now there isn't much standing in the way, technically. The mid-2012 high was $35.40 and that's a reasonable target given the momentum and enthusiasm for precious metals in general. Gold today is slated to close above $2400 for the first time (and also on a weekly basis). It's also just a few dollars away from an all-time intraday record.
For the gold bulls, I think the image of Putin and Xi hugging is as good as it gets. It underscores their determination to define a multi-polar world that's not dominated by the US -- or the US dollar.
![Xi and Putin hug](https://images.forexlive.com/images/Xi%20and%20Putin%20hug_id_d8f07556-a90f-4825-afc3-3c9a78b8f07f_original.jpg)