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NFTRH; Silver Takes Out the Trend Line, Next Key Resistance Noted

A simple update to note silver’s daily and weekly technical status and the next resistance area to watch.

The daily chart is following through on this week’s break of the trend line. That is bringing a lot of attention to gold’s little brother. As it should, because this thing is quite bullish and healthy looking.

silver

But a weekly chart advises where strong resistance will enter the picture. I would not necessarily expect silver to just stop there, and in fact what I’d like to see is for it to crack resistance, make a higher high to February (thus establishing a higher highs, higher lows uptrend) and then take whatever breather or pullback it may need to take. Just a pictorial FYI for your consideration.

silver