iShares Silver Trust (SLV)

[BlueAlien]

Silver Forecast:

Approaching Short-Term Top Within Major Long-Term Bottom

From this perspective, we can see that after losing nearly 70% of its value in the last four years, the wild gyrations from 2013 through 2017 actually represent a long-term basing pattern. This basing action is taking place underneath the $25/oz level.

A major principle of technical analysis is: “The longer the base, the bigger the move.” In silver’s case, the basing price action underneath $25 could last well into 2018.

http://news.gold-eagle.com/article/silver-forecast-approaching-short-term-top-within-major-long-term-bottom/482