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Silver Miners About To Experience “Rally Time?”

By kimblechartingsolutions
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Courtesy of Chris Kimble

Are Silver Miners about to experience a bullish breakout? Sure could be!

This chart looks at Silver Miners (SIL) from Marketsmith.com.

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Line (1) has become support and resistance several times over the past 5-years.

SIL is now testing line (1) as support, which could be the bottom of a bull flag pattern!

If SIL breaks out and can close above the $51 level, look for it to experience a strong upside rally!

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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