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Silver Near Extreme Channel, Reaction Expected

Silver Bar

Silver smashing against an extreme outer channel, looks like an mini head and shoulders, that will break higher rather than lower.

Previous post: This chart shows an extreme sell down, time to watch this security daily - Update

Option expiration week is over, extreme volatility of last week ends (we assume), now it is the time to see if metals will show signs of bullishness. Maybe forecasting a longer USD sideways move.

Latest chart.

Silver Chart
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Previous update chart

Previous Silver Chart
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"Money is made in tape reading [chart reading] by anticipating what is coming -- not by waiting till it happens and going with the crowd." ~ Richard D Wyckoff

"The four most dangerous words in investing are 'This time it's different'." ~ John Templeton

 

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