Despite recent volatility in the precious metals, silver’s next leg higher is poised to take out $30.
August 27 (King World News) – James Turk: Big day for silver and its wedge pattern. 1st uptrend line broke. 2nd uptrend held today at $26 and silver closed at day’s high. Watch the red downtrend line. Hurdling red line, and gold/silver ratio at same time breaks below 70, then odds are good that silver’s next upleg has begun.
Solid Breakout Above Red Line Signals
Silver’s Next Upleg Has Begun
King World News note: If silver breaks out solidly above the red line Turk highlighted above, that should put silver in a position to quickly take out the $30 level.
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