‘silver’ Archive

Silver; Dangerous price point to slip from

Below looks at a chart of Silver prices over the past 8-years. After declining sharply, Silver hit its 38% Fibonacci retracement level twice at (1). After failing to break above Fibonacci retracement resistance, selling pressure picked up and Silver fell hard. CLICK ON CHART TO ENLARGE Silver is now testing its 23% Fibonacci retracement level […]

Silver- its outta here, breaks above large bullish wedge pattern

Sometimes if your a baseball coach, you want to get thrown out to fire up the players. When it comes to bullish falling wedges, you want the asset to “Break Outta” of the top of the pattern. Below looks at Silver over the past few decades. CLICK ON CHART TO ENLARGE It took Silver a […]

Silver breaks free from this 5-year slide!

CLICK ON CHART TO ENLARGE This chart looks at Silver ETF (SLV) over the past 7-years. Since 2011, SLV has remained inside of a well defined falling channel. For the first time in years, SLV is breaking above this 5-year falling channel at (1). Its been a long slide for SLV, nice large weekly move, […]