Silver breaking out of its consolidation
Silver is breaking out its long term consolidation and triggering a bullish reversed Head & Shoulder pattern with a target in the $42.50 area.
Next resistances at the all time high near $50 then the line linking the top of the channel near $53.
A break below $23.50 would invalidate this view.
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With gold and copper making all time highs, the governments and central banks printing money like crazy, it's hard to believe that Silver won't catch up and eventually make new all time highs.
Next resistances at the all time high near $50 then the line linking the top of the channel near $53.
A break below $23.50 would invalidate this view.
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With gold and copper making all time highs, the governments and central banks printing money like crazy, it's hard to believe that Silver won't catch up and eventually make new all time highs.
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