Market Update on Silver (XAG & SLV) 4/16/2018

in #silver6 years ago

I'm going to choose to chart a bullish case for silver because you can't have a bearish interpretation if price has generally been rising for 11 days. So I'm going to catagorize what we are seeing as a break-out to the upside from a descending wedge. We shall see if that interpretation holds up. You can trail your stops if you are uncertain about price action.

Drilling down to a 3m chart internals look hot and sexy for a push up to the next level. Lots of green bars all in a row with steady volume.

SLV in the hunt to touch immediate upside target of 15.94 with style.

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express train


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Still Uh-oh

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