Analysis of the silver price chart – our forecast
The chart for silver is looking very interesting here and we could soon be seeing an opportunity to buy silver stocks if prices break to the upside. A recent article in the Australian Financial Review noted that silver prices have drifted lower. When we look at the chart though, we can see that the pullback doesn’t appear very bearish. Below is a weekly candlestick chart for the spot price of silver, in $US per ounce. How we read the silver …