Silver Is Presently A Longer-Term, Value-Buying Opportunity
(Kitco News) - For two years the silver market has been quiet, from a longer-term chart perspective. This sideways price action seen on the weekly continuation chart for nearby Comex silver futures is "basing" activity that history shows puts in market bottoms--and is very likely to set off a big rally at some point down the road.
Silver prices at present levels are a longer-term, value-buying opportunity. If silver futures prices can push above the trading range seen on the weekly chart, meaning above chart resistance at $18.65, then the bulls would be off to the races to enjoy much bigger upside price potential.