Courtesy of Chris Kimble.
Below looks at the price pattern for Silver over the past 20-years. The Power of the Pattern humbly feel this is one of the most important prices points in years for Silver, at (1).
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A year ago the Power of the Pattern shared that Silver could be forming one of the largest “Cup & Handle” patterns seen in a long, long time. At the time Silver was trading near $14. See post HERE.
Since that post, Silver has rallied over 40%.
Joe Friday Just The Facts....Silver is facing serious breakout test at (1) above, as five different resistance lines all meet at one price point. Could be dangerous for the Silver risk on trade, if weakness would start taking place at (2) above.
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