About a week ago, I offered a post on silver which suggested that, should it push past its horizontal resistance, the completed inverted H&S pattern would send it roaring up to its trendline. I’ve tinted the trendline below, although this certainly isn’t a specific target; it’s just there to give you the idea.
The good news for silver bulls is that last night’s action did exactly what was needed: the neckline has been breached, and silver is roaring higher.
