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TFC Commodity Trading Forum

Silver/Haligonian *PIC*

With the Silver ETF:SLV it was a nice move. Especially clearing $30 resistance. Nice Inverse Head and Shoulder pattern. Should get a nice bang out of the move and see it run to over 32 which is next price resistance out of that pattern breakout. Right now on this 30 minute chart price is overextended after tagging 31. Don't think it will clear quickly. A pullback to $30 which was the breakout point and the uptrendline would be a place I'd consider a long. But I wouldn't chase it here. So far so good. Seasonal trends are strong into mid Feb and after a pullback again into April so they do seem to be kicking in here.