Silver has been testing the pactience of investor community for a very long time. Known as a poor man's Gold this commidity mimicks the gold price but moves are sudden and strong. Gold has been in past 5 years moving within the range of triangle and getting into a squeeze period. looking for breskout upward and flow the Gold price move.
Commento:
After giving a false breakout it is back within the accumulation triangle. 7 up failed to breakout and 4 down support. Looks like bulls wont give up that easy.
Commento:
The Tug-of-war continues with breakout not in sight
Commento:
Rounding bottom ... bulls making it ready to break the 5 year trend line ... USD 30 looks on cards