Joshuakm

Silver, a new weekly cycle

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
Now, silver on the week has some interesting going ons behind the shiny curtain. I bet many have heard about the new "commodities cycle". Seems like the whole market is in a new cycle. this obvious cup formation is amazing for people who bought in, i dont know if it will drop below the bottom of the cup. It's to be said that a cup formation is the leading indicator in the start of run ups in markets, so my assumption is with a little patients we will see silver go higher, remember that silver is needed for solar and water purification systems. That should be bullish for physical silver.

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