Silver Consolidating at Long Term Support, Priming for Breakout
Silver is looking excellent here. After coming off of an all time high of $50 in 2011, it retraced to the 78.6% fibonacci level in 2015 and is now riding a strong support line that has held since the early 2000's. It is consolidating in a symmetrical triangle that looks bullish. Looking primed for a breakout this year. A long term portfolio hold with a lot of upside.
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