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themarketzone

Bullish trading scenario on Silver

Long
iShares Silver Trust (AMEX:SLV)  
themarketzone  
AMEX:SLV   iShares Silver Trust
Silver Gold Metals Wedge structure Harmonic Patterns
3
6
silver gold metals wedgepattern structure harmonicpatterns
Silver is at support zone after breaking out of a falling Wedge.
If the support zone will hold, we may see Silver rallying towards the 200 SMA line.
It should breakout and close above the Fast SMA line to confirm this scenario.

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Idee correlate

themarketzone
Silver broke out - Path is clear towards 20$
themarketzone
Silver below the 200 SMA line following False Break
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