Silver miners just woke up. Here's what the chart is screamingGlobal X Silver Miners ETFBATS:SILAlgoat_AlphaSilver miners just woke up. Here's what the chart is screaming 🔥 SIL just posted +4.39% on the day. But forget today's candle for a second. Look at that daily chart. Pulled back nearly 20% from the highs. Everyone panicked. The MA50 didn't even flinch. Not once. And today? MA20 reclaimed with a vengeance. This is what a healthy trend looks like when it breathes. Fear & Greed reset from 76 (Extreme Greed) at the top all the way down to 56. The weak hands got shaken out. The structure held. And now we're back above the MA20 on volume that matters. The weekly tells the real story 👇 $30s to $107 in 14 months. MA stack fully aligned. MA10, MA20, MA50, MA150, MA200 — all pointing the same direction. No Death Cross. No structural damage. Not even close. You had one job, bears. One job. The only ceiling worth respecting is $119.24 — the 52-week high. That's roughly 10% above current price. Everything below it? Blue sky. But here's what makes this really interesting 🧠 SIL isn't trading in a vacuum. The whole complex is moving. PAAS just dropped a bomb of an earnings report on Feb 19 — record adjusted earnings of $470M, smashing estimates by 30%. Silver production guidance for 2026 is up 14% year over year. The second-largest holding in SIL just told you the fundamentals are real. WPM — the biggest holding at nearly 22% of the fund — reports March 12. Street is pricing in 91% year-over-year EPS growth. That's not a typo. 91%. Circle that date. SLV (physical silver) is up over 155% in the last year. The gold-silver ratio compressed from 104:1 to roughly 64:1. Silver is closing the gap on gold — fast. GDX gained +1.94% today. SIL gained +4.39%. That gap is the whole argument for silver miners over gold miners right now. Why is silver doing this? 📡 Six consecutive years of supply deficit. Industrial demand from solar panels, EVs, AI data centers, and semiconductors growing faster than new mines can open. China tightened silver export licenses in January 2026. Physical inventories at multi-year lows. The chart isn't leading the fundamentals. The fundamentals are leading the chart. What to watch from here ✅ $119.24 — the level that ends the conversation if it breaks ⚠️ $100–$102 — first support if today's move fades ⚠️ $95–$97 — MA50 daily, where the real buyers showed up last time 🗓️ March 12 — WPM earnings. Moves the whole sector. One candle doesn't confirm a new leg. But the structure is right. The sector is right. The fundamentals are right. You do the math. — Algoat_Alpha | Feb 22, 2026