SILVER Weekly Chart Overbot Rising Wedge Negative Divergence

SILVER weekly chart shows the resurgence in the price move higher as a result of the Middle East turmoil. Overbot conditions, rising wedge and negative divergence with histogram and stochastics say a pull back is needed now but the strong RSI and strong ADX trend says this momo move has a lot of juice behind it. The increase in price from these lofty levels is not worth chasing.

The lucky traders that held silver despite its roll over in February were now rewarded since the Middle East turmoil saved the down side and catapulted silver skyward. Many traders will not look a gift horse in the mouth and will take their profits. Price will pull back, then come back up again, and then should roll over thru the summer time. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.