‘silver’ Archive

Hottest metal on the planet breaks support

   CLICK ON CHART TO ENLARGE When it comes to the metals complex, its not been that great of a year for Gold or Silver. On the flip side, Palladium has had a good year, as it was up near 25% YTD a couple of weeks ago. Of late, Palladium is breaking a support line […]

Silver…Most important Price Point In 10-Years???

  CLICK ON CHART TO ENLARGE Silver has lost almost two-thirds of its value over the past three years. This decline has Silver hitting a 10-year support line inside of a three year falling channel. Joe Friday….Very important that Silver holds at this long-term support line!!! I am interested in buying some Silver should support […]

Hey Tonto…These “Patterns and Sentiment” could hurt Silver!

   CLICK ON CHART TO ENLARGE From the early 2000′s to 2011, Silver continued to create bullish “Ascending Triangles” as it rallied from $4 to $50, highlighted in green above. After peaking at $50, Silver has started creating the opposite pattern, a “Descending Triangle!”  Silver could be creating another descending triangle at the black arrow […]