Is Silver Creating A Huge Bullish Cup & Handle Pattern?

August 13, 2019 Bob Weir Industry, Kimble Charts, Mining, Mining - Precious Metals, Technical Pundits

Third Party > Another article on Silver from Kimble Charting Solutions as the price of the commodity traces a bullish technical pattern. The price of Silver has been in a long-term decline pattern but now seems to be testing the upside possibility of breaking this long-term downward trend. Currently trading around US$17.00/ounce, the commodity would have to break through US$50.00 per ounce to complete the technical pattern highlighted in this report’s heading. Short-term, the fact that the commodity has broken above its down-trend line, as shown in Kimble’s chart below at (1),  is a far more important technical signal right now. This is bullish for Silver and, in turn, for Gold and the Precious Metals sector.

https://kimblechartingsolutions.com/wp-content/uploads/2019/08/silver-cup-and-handle-pattern-8-year-breakout-in-play-aug-13.jpg

To read Kimble’s entire article on Silver , click HERE

About Bob Weir 329 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).

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