Porno for Silver Bugs

Just because I was browsing through stockcharts.com’s long-term chart views and saw an old, familiar pattern in silver…

I am calling it an 8 year handle but actually it appears silver broke the handle (large falling wedge) in 2016’s precious metals upsurge. The technical implication of this pattern, if it’s destiny is bullish (it’s TA remember, a black art often promoted as something more than it is) would be around $100/oz., just as the silver lunatics have been telling you for a lifetime. Problem is, some of us may not be alive to see it because it’s likely several to many years away. But the chart is what it is, and taken at face value it should be err, stimulating to silver bugs with longevity.

silver

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