www.goldtrends.net Silver is trying to break above the upper trend lines of its price channel and carve out a smaller channel that leads towards the 41-42 dollar area. Price is just consolidating over the last 48 hours just under 40 --- and at the top of the upper dotted trend line. As long as price is within the purple channel lines --- the trend remains up. If silver can hold above the upper dotted trend line --- price could accelerate higher inside the purple channel at an even higher rate of momentum. Watch this area --- its an important one. Support is 37.60-38.20 at the lower purple line.
Silver Thursday Night Close
www.goldtrends.net Silver is trying to break above the upper trend lines of its price channel and carve out a smaller channel that leads towards the 41-42 dollar area. Price is just consolidating over the last 48 hours just under 40 --- and at the top of the upper dotted trend line. As long as price is within the purple channel lines --- the trend remains up. If silver can hold above the upper dotted trend line --- price could accelerate higher inside the purple channel at an even higher rate of momentum. Watch this area --- its an important one. Support is 37.60-38.20 at the lower purple line.
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