Is a Hi-Yo Silver bullish message about to take place in the short-term?
This chart from Marketsmith.com suggests that a breakout attempt from a bull flag pattern is being attempted.
Since peaking in August of 2020, Silver ETF (SLV) has created a series of lower highs, inside of this four-month falling channel.
This falling channel could well be a “bullish flag” pattern that is near completion.
If SLV succeeds in breaking above the top of this short-term falling channel at (1), it sends a bullish message to the Silver markets!
