SILVER

So long as silver remains above that trendline at about $36.40 per ounce in the days ahead, it should continue higher even if after some consolidation.  Below $36.40 per ounce, though, and expect silver to trade sideways between about $32.50 per ounce and $36.40 for days before it will give way to what is a very nice and bearish Rising Wedge in blue.

If silver continues up, it will be in fulfillment of an unmarked bullish Falling Wedge that was detailed as a possibility at the very end of last year and the beginning of this year and a pattern that could take silver to a minimum of $44.20 per ounce.  If silver goes sideways and then down, it will move toward the $26 per ounce target of that Rising Wedge at a minimum.

Levels to watch silver’s recent breakout by, then, are $36.22 and $36.38 per ounce on the downside SO SELLL ON RISE WITH STOPLOSS 61800 FOR TARGET 59000 57800  D0NT MISSS IT