Is Silver about to rally 10%?

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Silver is in a tight jam, as it is getting squeezed between support and resistance

Sentiment towards Silver reflects very few bulls. A break above falling resistance line (2) could bring in enough buyers to push Silver rather quickly towards line (3), which is about 10% away.

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2 Comments

  1. Falling resistence line(2): what is it made of??? Apparently something much harder than silver… this one’s a candidate for the “slowest beakout of the year”, IF it’s going to break out at all…

  2. Luke…Funny!
    Does “hurry up and wait” apply to Silver? Flags frustrate both the bulls and bears, suspect this one has a good many scratching their heads!
    Chris