Silver FuturesLong
Silver Run
An incredible move in Silver seems to be developing.
After nearly 7years of being range bound, Silver broke out of the range in a violent move.
In less than 4 Months Silver went from $14 to $29+ (more than 100%).
It has been consolidating those gains for the past 9 months in a bullish flag or ascending triangle.
The resulting move seems fairly imminent and could lead to another 100% move.
The flag pattern has a target of $48 but could be exceeded in a blow off top reaching $55
This is a monthly timeframe chart so I expect it to take a little while to play out but 4 to 7 months seems reasonable.
NOT financial advice.
After nearly 7years of being range bound, Silver broke out of the range in a violent move.
In less than 4 Months Silver went from $14 to $29+ (more than 100%).
It has been consolidating those gains for the past 9 months in a bullish flag or ascending triangle.
The resulting move seems fairly imminent and could lead to another 100% move.
The flag pattern has a target of $48 but could be exceeded in a blow off top reaching $55
This is a monthly timeframe chart so I expect it to take a little while to play out but 4 to 7 months seems reasonable.
NOT financial advice.
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