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