The bearish case in Silver is back on the table

August 26, 2015/by Peter Brandt

Seven month symmetrical triangle has been confirmed

Decline on August 25 triggerd an 8-week H&S failure

In recent weeks I have presented to members of the Factor Service the possibility that why The Silver chart is a textbook example of the veracity of classical charting principles. Some of the features on the weekly graph include:

The blow-off top in April 2011 accompanied by record blow-of volume
The rising wedge retest of the top completed in September 2011
The continuation H&S pattern completed in April 2013
The descending triangle completed in September 2014
The symmetrical triangle completed in June 2015