Silver Begins to Breakout
Hammer pattern has formed in candlestick. Gold/Silver ratio is on top. Silver will most likely break its 665-days Triangle pattern. Now it is time to invest in Silver!
- Scenario : Silver will suddenly rise to 27-27.5 levels and begins consolidation at 25.7 levels.
- Price Target in Long Term : 44
- Support Level : 23.56-23.77
- Trend Power : Extremely Bullish
- Macroeconomic Situation :Due to the American debt crisis and interest rates will soon fall; individual investors, companies and central banks continue to buy gold/silver.
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