After a $1.50(+) smash in the price of silver, silver is setting up for its next move, (potential H&S). While technically not confirmed, I suspect the following price action with the Price Gap at $17.40 and with scheduled trade talks with China set for October, causing risk on in markets.
Potential areas to short from is $18.50, or daily close below $18.15
Silver has not been this cheap to Gold ever! The rising wedge is a bearish terminal pattern and should reward Silver investors almost 2:1 as far as gains, to those who stack Gold! Look for a confirmation in reveral with a break of 83:1. TARGET 50:1
Wedge breakout indicates a price target of $1,680.00 Gold has closed right below resistance line $1,520. Safest bet is to wait for retrace to $1,400.00 before entering long. Bigger opportunity from there is breaking the $1,520 resistance line for a higher price target of $1,850.00
Silver consolidates above the previous $16.80 resistance, finding new buyers on dips. Currently $17.14 per ounce, the double bottom and the triangle breakout signify further upside potential with price ultimately targeting $22 an ounce in the short term (3-5 month time span).
Unresolved (Blue) Triange, with small potential short term channel (Black) emerging inside . My guess is retest $15.15 with sideways/consolatory movement afterwards. Price should respect both Triangle and the Channel until fed hike decision time in March, with breakout potential.