In the past couple of weeks I've been following Gold closely for you, but this week Silver is worth bringing to your attention.
As you can see in the chart, Silver has been going sideways for the past month, coiling up like it did last year want it ran up to 35.
Each rally since then has been followed by a steep decline, until now.
The current trend is still down in the medium term, so silver could drop further to the 22 area, but I think it's more likely we'll see another run up to test the 35 area.
One way or the other, Silver has to break out from this sideways channel and when it does, it should be good for a decent move.
Until next time...
Good Investing!
David K. Miller
Managing Editor, Absolute Wealth
