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Here is a 3 year view of silver. Overall silver looks great long term. The green line goes back 14 years and backtested a channel it broke out of but it sits right at resistance:
Close up, it looks like silver is wedging. I think it’s more likely we back off here initially before breaking out.
If silver can break the orange downtrend line I expect to see a huge green candle. Next target would be the neckline of the red line above. Big “if” though.
Thanks PK, however, I can see the momentum pushing through those trend lines.
I think you are ultimately right… all I’m saying is a push down to the bottom of my channel (red line). I just think we need a bit consolidation before going up. The long term silver charts look even better than gold imo. All the charts look great except for that pesky dollar to throw everyone off.