A Bullish Symmetrical Triangle has formed on Silver with price ranging within the triangle at the moment, a recent Golden Cross as well as a divergence indicates a bullish breakout could be on the horizon.
The recovery since the March lows has been steady and healthier than those in the stock market. I think price will range for a little bit longer as it gets squeezed into the corner of the triangle before breaking out, this gives you time to look at some resource stocks and find some other possible set ups. I will be long from $18 from the breakout.
The recovery since the March lows has been steady and healthier than those in the stock market. I think price will range for a little bit longer as it gets squeezed into the corner of the triangle before breaking out, this gives you time to look at some resource stocks and find some other possible set ups. I will be long from $18 from the breakout.