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TFC Commodity Trading Forum

Dec Silver/Artie *PIC*

Here is Dec Silver. Nicer chart than Gold oddly enough. Price held its 3.5 year uptrendline unlike Gold that broke its long term uptrendline. Nice price action clearing $30 which was the top of a 4 month channel. Plus it has cleared its 16 month downtrendline as well. But the same thing applies to Friday's price action as Gold etc. The breakout has to hold. Key now for Silver is for price to stay above $30. As long as it can do that all is well. The seasonal trend for Silver in all time frames is a low in mid to late August. So far it looks right on track. What is important is the Silver to Gold ratio. It gave a buy signal for Silver in the middle of August!!!! See next chart.

Messages In This Thread

Dec Silver/Artie *PIC*
Re: Dec Silver/Artie/Trades