Kimble Charting Solutions Blog

Hi Yo Silver….Update

Posted by Chris Kimble on 08/25/2010 at 1:29 pm; This entry is filed under silver.

A week ago I published Hi Ho Silver,  highlighting an “ascending triangle” which 65% of the time is followed by higher prices.  Silver is breaking above short-term resistance today in the chart below…

Heavy LONG-TERM resistance for Silver remains very strong around the $20 level!

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2 Comments

1. Captain John August 25th, 2010 at 8:04 pm

   I think measured move to 23, if it takes out that resistance

2. Craig August 26th, 2010 at 3:15 pm

   Hi Chris,

   I am holding some zsl (short silver) – wondering if i should exit? from here (ZSL = 29.60 for a low today), i was anticipating a rebound to about 34.00 over the next month or so based on its 6 mo candle stick graph. If silver is going to shoot up to 20, perhaps I should reconsider.

   Thanks,
   cK

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