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What to do with Silver?

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 Paul
(@1tricycle1)
Estimable Member Admin
Joined: 2027 years ago
Posts: 119
Topic starter  

Silver's bumping up against that resistance level again at $14.80. Its highly unusual that gold and silver travel in opposite directions so perhaps gold will drag it higher.

We'll have to wait and see.

However, I do have a triangle pattern in Silver at the moment and price action is very near the breakout area, so watch this action closely over the next week or so. The Parabolic is very close to flipping over from bottom to top and if it does, its suggesting weakness.


   
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AlanR
(@alanr)
Member
Joined: 7 years ago
Posts: 138
 

Howdy Paul, does your triangle connect the highs of 2 Oct and 2 Nov, with a rising trend line based on the lows of 30 Nov and 20 Dec?


   
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 Paul
(@1tricycle1)
Estimable Member Admin
Joined: 2027 years ago
Posts: 119
Topic starter  

Sorry Alan... just saw this... you can see it in the most recent Quick Update.


   
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AlanR
(@alanr)
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Joined: 7 years ago
Posts: 138
 

No worries


   
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