A week ago I published Hi Ho Silver, highlighting an “ascending triangle” which 65% of the time is followed by higher prices. Silver is breaking above short-term resistance today in the chart below…
Heavy LONG-TERM resistance for Silver remains very strong around the $20 level!
Hi Chris,
I am holding some zsl (short silver) – wondering if i should exit? from here (ZSL = 29.60 for a low today), i was anticipating a rebound to about 34.00 over the next month or so based on its 6 mo candle stick graph. If silver is going to shoot up to 20, perhaps I should reconsider.
Thanks,
cK
I think measured move to 23, if it takes out that resistance