The chart below was published one month ago (see post here) reflecting a pattern that was suggesting Silver could rally 10% in the short-term.
CLICK ON CHART TO ENLARGE
Silver was trading at $27.07 at the time and now is trading around $28.50, up over 5% in the past month. The chart below reflects a short-term upside breakout in SLV.
CLICK ON CHART TO ENLARGE
The move above the flag this morning is a good sign for SLV in the short-term. Falling resistance, that looks to be the top of a descending triangle, remains around 5% above current prices.
