Silver like Gold may be forming a head & Shoulders pattern
Whether or not silver is also forming a right shoulder of a head & shoulder pattern, or whether it is forming a pennant
type pattern is really immaterial, because looking at the bigger picture it can be seen that we are at the lower end of
a huge parallel uptrend. The red line NL represents the neckline of the H & S and once that is broken it would represent
a buying opportunity. This is not investment advise as I'm not an investment advisor, but rather gives an insight into what
I see unfolding as the market progresses.
type pattern is really immaterial, because looking at the bigger picture it can be seen that we are at the lower end of
a huge parallel uptrend. The red line NL represents the neckline of the H & S and once that is broken it would represent
a buying opportunity. This is not investment advise as I'm not an investment advisor, but rather gives an insight into what
I see unfolding as the market progresses.