Commodities Analysis and Opinion
Are Silver Prices About to Skyrocket?
2023.01.12 07:49
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Silver prices have been moving higher for several months now and appear poised to test major breakout resistance.
Could the reward for silver bulls be a massive breakout higher?
This is possible when considering the mother of all bull flag patterns formed over the past 11 years. See the monthly chart below.
As you can see, silver remains inside of its 11-year falling channel and is eyeing overhead resistance at (1).
Should a breakout occur at (1), it would increase the odds that it is Hi Yo Silver time for bulls.
Possibly, this is the largest bull flag pattern in the history of silver.
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