After years of down (or sideways according to CourtJester), silver finally starting to show some bullish tendencies.
It still however needs to smash through that all important resistance high marked on the chart from 2008, at US$21. A monster multi-year H&S the devils metal may yet form. Most Elliott Wave theorists (including Prechter) are tipping down for PM's, however I'm quite content with my SVL investment having moved up 9% today.
I preferred my last bearish chart but nobody else seemed to enjoy it, so here is another chart scenario.
As always, don't base any of your investment decisions off my running commentary.
It still however needs to smash through that all important resistance high marked on the chart from 2008, at US$21. A monster multi-year H&S the devils metal may yet form. Most Elliott Wave theorists (including Prechter) are tipping down for PM's, however I'm quite content with my SVL investment having moved up 9% today.
I preferred my last bearish chart but nobody else seemed to enjoy it, so here is another chart scenario.
As always, don't base any of your investment decisions off my running commentary.