Silver Getting Ready To Continue It's Parabolic Run

Silver has been in a sideways descending channel consolidation for several months. Many are convinced Silver has lost its momentum and will cease to grow, we know this is false, Silver will rise and challenge its previous all-time high in the coming future. We need to see a close above the monthly pivot to initiate a shift in the current trend, followed by a strong close above the descending channel top resistance. Keep in mind, failure to close above the pivot "could" result in a move to the bottom of the channel, overall I expect the price to stay within this channel if it pushes down further

Kommentera:

Silver is always the quick mover of the metals, looks like we have a confirmed break-out.