Thanks for visiting munKNEE.com. Automatically receive future articles (2x weekly) by registering in the top right corner of this page.
…Silver peaked at $50 in the early 1980s…peaked again at $50 in 2011 but has declined 65%…[since then] in a uniform falling channel The move higher in Silver of late, however, sends a bullish message to Silver owners. [Below are 2 charts that illustrate the situation.]
[As mentioned in the opening paragraph,] the recent move higher in Silver does have it breaking above the falling channel at (1)…[but the chart below shows that] Silver futures are facing a triple breakout resistance at (1), with momentum at its highest level in the past 3 years.
Can silver break its 2.5 year falling channel? [It’s too early to say but] but metal heads certainly hope so!
Editor’s Note: The above post is taken from the original article by Chris Kimble and has been edited ([ ]) and abridged (…) for the sake of clarity and brevity. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.
Want more such articles? “Follow the munKNEE” on Facebook, on Twitter or via our FREE bi-weekly Market Intelligence Report newsletter (see sample here, sign up in top right hand corner of page).
Get engaged: Have your say regarding the above article in the Comment section at the bottom of the page.
Articles Wanted: Original articles & links to other informative articles that deserve a wider read. Send info to loriewil[at]yahoo[dot]com.