Silver broke out of its ascending triangle pattern yesterday after climbing above 28.26-28.28. For the last month Silver has been range bound between its bottom at 26.72 and the top of the range at an even 29.00. The breakout of the triangle makes a measured move for silver to 29.67, but for this to occur Silver will have to break out of 29.00. This area was resistance in early June.
Overall the breakout of the tight range is bullish and as long as Silver can stay above the 28.26 level the bulls hold the advantage and confirms the uptrend since July..
Here are some pervious post on Silver:
