Saturday, February 24, 2007

SILVER Breaks Out!

Silver has broken out to the upside as predicted in the last weekly silver chart. This is a strong looking chart and I expect silver will head much higher from here before taking another rest. This wedge was a long consolidation pattern that has been resolved to the upside.

Silver fundamentals are very strong and with all of the new uses of silver plus the recent investment demand from the Silver ETF (SLV), I expect higher prices for silver over the long run.