While the silver price has broken above the symmetrical triangle formation, it still has a few key levels to surpass to continue its upward trend. However, it was crucial for silver to first break above rather than below the symmetrical triangle to be able to remain in a bullish direction.

So, we have to take one positive silver price action at a time and look at the next technical levels. First, we can clearly see that silver broke upward above the Symmetrical Triangle formation:

We must remember, silver needs to close above the upper Symmetrical Triangle line by the end of July for it to be a Breakout. If you look at the monthly candlesticks in July & August 2016 (chart below), while silver shot above the blue dashed line, it did not close above it. Actually, the silver price closed at the end of July &a ... Read more »