Commodity Trade Mantra

Posts Tagged ‘Double Top’

Signs That The Silver Bull Market Is Consolidating

The bear market phase in silver from 2011 has definitely ended. However, it has risen quite sharply in recent months to arrive at a zone of significant resistance, so it is quite normal for it to consolidate or react back here, before later breaking above this resistance and continuing higher. A reasonable objective for a correction is the support level seen at $18.

Take a good hard look at Silver - Is something wrong?

So far since the Dec low, silver is playing a game of Opossum by looking weak & not confirming the move in gold or the precious metals stocks. I think this is a deceptive look on silver right now. Lets see what the silver charts are telling us on what is really taking place right now.

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