Silver has well and truly broken out of a 21 week consolidation pattern that included a 1-2-3 bottom. Please read all about the build up on the latest move in my post from 2 weeks back here .
With the latest move, Silver has confirmed that it is on the path to test the highs made 13.5 years back of close to USD 50 per ounce in April of 2011, a level that is still about 50% 💡 higher from the current closing price of USD 33.7 last Friday.
Below is the monthly chart 💹 of silver to give you the long term picture and a perspective on where the current price is relative to silver's all time high.
Silver Monthly Chart - A new breakout from a 4 month consolidation reinforces bullish momentum
Sit tight all silver bulls. Silver going the gold route! ✨
Please scroll down to the bottom of this post to subscribe to the mailing list for regular market and trade updates.
Yorumlar