Visitors Now:
Total Visits:
Total Stories:
Profile image
By Kimble Charting Solutions (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Silver about to rally 10%…Update from one month ago as it breaks above it’s flag/pennant pattern-

Monday, August 20, 2012 10:10
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The chart below was published one month ago (see post here)   reflecting a pattern that was suggesting Silver could rally 10% in the short-term.

CLICK ON CHART TO ENLARGE

Silver was trading at $27.07 at the time and now is trading around $28.50, up over 5% in the past month.  The chart below reflects a short-term upside breakout is SLV.

CLICK ON CHART TO ENLARGE

The move above the flag this morning is a good sign for SLV in the short-term. Falling resistance, that looks to be the top of a descending triangle, remains around 5% above current prices.



Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.