Silver saw a steep drop from $50 to $32 in the month of May and the rise post that has been in a corrective fashion. The above chart of silver shows a rising wedge pattern with a typical throw-over to the upside. Yesterday’s close was well below the bottom of the rising wedge and this should usher […]
Silver’s sharp decline after hitting a multi-decade high warrants close attention. The daily chart of silver above marks the “long-legged doji” which is a key warning of sign of an impending reversal. Moreover this pattern (a) has occurred after a prolonged and parabolic rise in silver (b) has seen follow through selling on very heavy volumes and […]
The precious metals sector is throwing some serious warning signs. Check these charts.