Silver Short Term Bull or Bear?
Average Sentiment Oscillator looks like everyone is long Silver. We're in a bull market and the pattern is a beautiful flag, so why not $40 by summer? But then look at the 2008 crash. Is it analogous? Ichimoku cloud is supportive, but very far below the present price level and descending away. The price is also as far above the 50 month moving average as it was in 2008. One more touch on the arc would be a nice completion to the pattern and lend support to finally break out of the 2011-2013 resistance level. Hedge wisely.
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