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
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