Silver Bulls Hope Bearish Patterns Are Bullish Again!

Silver (NYSEARCA: SLV) is likely nearing a big move.

So buckle up, bulls and bears, as the current price patterns suggest a historically large move is coming!

But which way? Let’s look at the charts.

If recent history holds true, silver loves to breakout (to the upside) of BEARISH patterns. This oddity can be seen in the chart below.

Silver has bucked the odds of BEARISH descending triangles at each (1) over the past 4 decades.

Can it buck the trend again? It better, or else bulls will find themselves in a lot more pain.  Stay tuned and keep your “stops” handy!

Silver Monthly Chart with Bearish Triangles Turned Bullish!

silver price breakouts bearish descending wedge patterns history chart

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Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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