Silver breakout
Silver broke out of the falling wedge, and then out of the downtrend which
formed inside the wedge. After falling to the 50% retracement level at 14.74
or even the 61.8% retracement level at $14.65, I expect a surge towards the
downsloping line of the large triangle. A breakout of this triangle would be
needed at a close of $15.60 or so to confirm silver to be on the way north
at long last.
formed inside the wedge. After falling to the 50% retracement level at 14.74
or even the 61.8% retracement level at $14.65, I expect a surge towards the
downsloping line of the large triangle. A breakout of this triangle would be
needed at a close of $15.60 or so to confirm silver to be on the way north
at long last.
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