The silver market is primed for a breakout move. And as you’ll see, there’s a $3 way to play it.
Last year we saw a general downtrend in precious metal prices. From a
high last January around $32 an ounce, the price of silver marked a
downward trail to its current perch at $20/oz.
That’s the bad news.
The good news is that over the past two months the price of silver has formed a solid base. Said another way, silver’s chart is consolidating for a potential move to the upside…
Call it what you will — an ascending triangle, consolidation, coiling or sideways trade – but the recent trend for silver is the most positive action we’ve seen in months. From where I stand the price has formed a substantial base around $20 — which makes for a great upside opportunity. (more)
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That’s the bad news.
The good news is that over the past two months the price of silver has formed a solid base. Said another way, silver’s chart is consolidating for a potential move to the upside…
Call it what you will — an ascending triangle, consolidation, coiling or sideways trade – but the recent trend for silver is the most positive action we’ve seen in months. From where I stand the price has formed a substantial base around $20 — which makes for a great upside opportunity. (more)
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