SILVER Weekly Chart Overbot Rising Wedge

Spectacular silver run, parabolic now, the indicators are pegged at high levels. Price is overbot in a rising wedge now, but there is no negative divergence. Price will simply have to fall to provide a relief valve for all the recent explosive action, but then price should go back up to retest the recent highs again. ADX trend for the up move is strong.

The move in silver appears to be topping now but that has been the forecast for the last couple months. The Middle East problems were the game changer. The red wedge and negative divergence forecasted that pull back to start the year perfectly, then in late January and early February, the ME turmoil set a fire under silver producing about a 35% premium in price right now. 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 financial advisor before making any investment decision.