From the early 2000’s to 2011, Silver continued to create bullish “Ascending Triangles” as it rallied from $4 to $50, highlighted in green above. After peaking at $50, Silver has started creating the opposite pattern, a “Descending Triangle!” 

Silver could be creating another descending triangle at the black arrow above. 

At the same time this pattern is forming, the lower right chart reflects that Silver traders have amassed a very large bullish position over the past couple of weeks. Currently positions are hitting levels where Silver has peaked in prices over the past couple of years.

If Power the Pattern and sentiment analysis could be of benefit to you, your family or company, I would be honored to have you as a member of our Premium or Metals programs! If you would like to see how we are playing this, sign up to receive daily and weekly updates on this asset class. 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past