Tuesday, April 12, 2016

Silver (SLV): The Prodigal Son Returns

What can I say? Silver broke out today. Not only does this confirm Gold's (GLD) breakout, but now Silver (SLV) might enjoy the meteoric rise that Gold (GLD) has just undergone. Slope of Hope recently posted something interesting regarding a possible inverse head-and-shoulders pattern that I hadn't previously picked up, but since this pattern now seems confirmed we could see a rise to around $17.60.