Silver - Ready to move above $17

Silver looks ready to make it's move above $17.

Clear breakout above long-term weekly bearish trendline, backtested and moving higher....

One hour chart shows technical breakout from pennant formation. A break above $16.50 and we could see price above $17 over the next few sessions.

Silver looks poised to catch up to gold. Gold / Silver ratio......

Comment:

Price touched the resistance area as the high
yesterday.

Pullbacks have been shallow. I think we are going to see price try and break through this area shortly.

Trend continuation....