At present, silver prices have once again intersected with SR Channel Support. It this bull move is to continue to should mark major support. On the intermediate-term weekly silver chart prices are consolidating within a potential bullish symmetrical flag formation.
Additionally, we are entering a “normally” bullish time frame for both gold and silver. Please see the daily charts below with notated seasonal trends.
The historical seasonal trend for silver turns bullish in late October – early November. This seasonal trend remains bullish until early-middle February. Please see chart below for remainder of trend.
Bullish time frame until February.
Paul Skarp
Principal
Aaron Trading
Email: pskarp@aarontrade.com
Toll-Free Telephone: 1-866-455-3633
Fax: 1-570-455-3766
Website: www.aarontrade.com
Comments are closed.