The silver (XAUUSD) has been trading in a range following the spike in the price last July 2020. Traders with bearish and bullish view are testing prices in the search for indications of the next level. The weekly chart shows this battle forms a consolidation process and a triangle pattern with bears losing power in every drop. A breakout occurs when prices finally moving outside a defined support or resistance level after a period of consolidation and increased volume. Nobody knows with certainty where the next move will be, but based on the pattern, we are in the middle of a breakout trade. The upside potential is huge due to the combination of monetary and industry-specific factors. The current monetary policies of all the Central Banks for injecting more liquidity in the economy is causing warnings of the inflationary pressure and lack of confidence in the Fiat money. But at the same time, silver is not only a precious metal but an important metal for electrification and products such as electric cars, solar technology, medicine, among others. Nevertheless, good traders usually place themselves in a position close to the support level and evaluate the risk/reward ratio with a stop loss just below the last low level defined. In the end, as Elder Alexander said: "Markets spend more time in trading ranges than they do in trends. Most breakouts from trading ranges are false breakouts." - Elder Alexander (1993), Trading for a Living