Could This Cause Silver To Blast Off? Rare Situation At Hand!

July 22nd, 2013

by Chris Kimble

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Silver has lost almost two-thirds of its value in a little over two years.

The decline has brought Silver down to a rare situation. The above chart is based upon Monthly closing prices in Silver. The chart reflects that six different support lines come into play at (3) in the chart below.

At the same time traders in the metals complex have established positions where Silver has rallied over the past 8-years. Support is support until broken and this is a rare situation where so many support lines meet at one price point.

The above chart was shared with Members a few weeks ago. If you could benefit from having this type of Power of the Pattern research when these situations take place, I would be honored to have you has a member. This type of research is available for less than a $1 a day. We offer even further discounts with our Triple Play program!

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