Hi Yo Silver and away we go…

Posted by Chris Kimble on 08/18/2010 at 3:00 pm; This entry is filed under gold, silver.

Silver finds itself close to the end of an ascending triangle, that may well have the Silver bulls and bears frustrated.  Ascending triangles two-thirds of the time lead to higher prices.

Key to this chart  (see below)…

Follow the breakout….it should be a great trade to ride! 

If the breakout is to the downside, ZSL should do well for those that are open to scoring on defense.

Gold Update…GLD

Be Sociable, Share!

4 Comments

  1. Hi Ho Silver….Update | Kimble Charting Solutions Blog August 25th, 2010 at 1:30 pm

    [...] new here, you may want to subscribe to my RSS feed. Thanks for visiting!A week ago I published Hi Ho Silver,  highlighting an “ascending triangle” which 65% of the time is followed by higher [...]

  2. Gold Record/Silver breaking out… Play it how? | Kimble Charting Solutions Blog September 17th, 2010 at 6:54 am

    [...] want to subscribe to my RSS feed. Thanks for visiting!In the “Hi Yo Silver” chart below (see post) Silver had created a series of ascending triangles, which lead to higher prices around 65% of the [...]

  3. jacqueline co September 25th, 2010 at 2:54 pm

    silver breakout comment on 8-18 — i am a newbie — just found your comment through Phil stock world link — is it too late to get in silver, would I be chasing at this point. What ETF should I get… or use miner instead what miner would you recommend. Thanks

  4. Ed Brown October 9th, 2010 at 5:31 pm

    I have SLW & SVM silver and am up now. Thanks for your charts.