CapitalHubs

Silver Correction Ended

BATS:SLV   ISHARES SILVER TRUST
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Silver             has been traded in triangle consolidation since the beginning of 2011. After reaching historical high at $48 it sharply fell to $25.60 at year (2011) end. Since Oct             2011 silver             has entered parallel channel determined by Nov 2011, March 2012 peaks and Dec             2011 bottom. Now the precious metal is trading slightly above the support line of the mentioned channel. Successful breakthrough above triangle resistance line at $32 could open the way to $39, some 40% from current levels.
Pleas can you post a update for this chart ? thanks
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CapitalHubs darwinprod
SLV updated:
Silver still in consolidation triangle
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darwinprod CapitalHubs
Thanks :)
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