Silver has broken above a resistance level that goes all the way back to the fall of 2011. Its been forming this bull flag above, looking super bullish. I'm still waiting for it to come down into the top of the previous level of resistance and test it as support, which would be between $34.50 and $35. After testing as support, look for silver to go on to challenge the all-time highs. There is no guarantee that silver will come down into the support level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.