What would be the catalyst for Silver to complete the current basing pattern and reverse it’s long term trend to a Bull Run? Would it be it’s application in terms of it being the highest conductive metal and/or precious metal ? Perhaps both. We will see.
Lets look at it’s 1 Box PnF chart for some technical insights. A base with a Mid Fulcrum Rally in place setting us a level to watch at $21.00 USD. It would be this level which would determine whether or not it’s long term trend is reversed or not. Will we see this Bull Run sooner rather than later ? Are the Silver Bulls capable of it ?
ASX listed Silver companies are now being analysed in depth for an early entry with a medium time horizon view in analysis.
How explosive would an upside breakout be for Silver, after a basing pattern of almost 4 YEARS, if we see one off course ? I am counting the base…..
Go Silver and Gold !
Chart is courtesy of StockCharts.com
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