If you place the regression channel you'll see Silver has been on an uptrend for the last few months.
We have had a Reverse Cup and Handle and the price has been above both 20 and 200MA...
So with the Zig Zags, the price will continue to move up until it reaches the first target at around $37.25.
Silver is the second type of safe haven that is common for investors to buy during risky market conditions. Simlar to gold - but is generally on a slower path up.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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