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Silver is in a tight jam, as it is getting squeezed between support and resistance.
Sentiment towards Silver reflects very few bulls. A break above falling resistance line (2) could bring in enough buyers to push Silver rather quickly towards line (3), which is about 10% away.
Luke…Funny!
Does “hurry up and wait” apply to Silver? Flags frustrate both the bulls and bears, suspect this one has a good many scratching their heads!
Chris
Falling resistence line(2): what is it made of??? Apparently something much harder than silver… this one’s a candidate for the “slowest beakout of the year”, IF it’s going to break out at all…