Gold is looking good. Silver is looking even more spectacular. Silver is trading in a different trend pattern to gold, but equally as promising. Using technical analysis we can see that silver has been very volatile. It pulled back to $10.50/oz, but it has since recovered to $12/oz, up 16% overnight. The reason is clearly due to the debasement of the USD and inflation.The chart pattern shows that silver has previously made a succession of new higher highs, whilst basing out around the $10.50 support. The next move of course is for silver to rally to a new high.
Andrew Sheldon www.sheldonthinks.com
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