Silver Prices Rising Towards Ascending Triangle Resistance

Silver prices are holding with their multi-month ascending triangle, remaining on track for a return to its yearly high at 30.1365. If accomplished, this would also constitute a potential longer-term bullish breakout, more evidence that a significant bottom has been carved out; the 2011 highs would need to be brought into consideration thereafter.
Chart PatternsMoving AveragesSi1! (Silver Futures)SilverTriangleXAG USD ( Silver / US Dollar)

Also on:

Disclaimer