An incredible move in Silver seems to be developing.
After nearly 7years of being range bound, Silver broke out of the range in a violent move.
In less than 4 Months Silver went from $14 to $29+ (more than 100%).
It has been consolidating those gains for the past 9 months in a bullish flag or ascending triangle.
The resulting move seems fairly imminent and could lead to another 100% move.
The flag pattern has a target of $48 but could be exceeded in a blow off top reaching $55
This is a monthly timeframe chart so I expect it to take a little while to play out but 4 to 7 months seems reasonable.
NOT financial advice.
After nearly 7years of being range bound, Silver broke out of the range in a violent move.
In less than 4 Months Silver went from $14 to $29+ (more than 100%).
It has been consolidating those gains for the past 9 months in a bullish flag or ascending triangle.
The resulting move seems fairly imminent and could lead to another 100% move.
The flag pattern has a target of $48 but could be exceeded in a blow off top reaching $55
This is a monthly timeframe chart so I expect it to take a little while to play out but 4 to 7 months seems reasonable.
NOT financial advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.