(Click on image to enlarge)
Silver prices have been moving higher for several months now and appear poised to test major breakout resistance.
Could the reward for Silver bulls be a massive breakout higher?
This is possible when one considers the mother of all bull flag patterns that have formed over the past 11 years. See the “monthly” chart above.
As you can see, silver remains inside of its 11-year falling channel and is eyeing overhead resistance at (1).
Should a breakout occur at (1), it would increase the odds that it is Hi Yo Silver time for bulls!
More By This Author:
Nasdaq On The Brink Of A Larger Collapse? Watch This SupportIs Round 2 Of The Tech Stocks Bear Market Underway?
Is The Us Dollar About To Fall Another 10 Percent?
Comments
Log in or sign up to join the conversation.