by Clive Maund
Silver Seek
Silver has made impressive gains over the past week which resulted from its breaking out at last from the giant Double Bottom base pattern that started to form as far back as 2013, so it’s been a long wait for silver investors for this to happen. Over the past week it has done exactly as predicted in the “breakout Souvenir article” posted on the site on the 22nd, running quickly at the strong resistance at the underside of the 2010 – 2013 top area, as we can see on its latest 13-year chart below, on which we can also see that volume hit an all-time record, which we take as a warning of temporary exhaustion, especially given the type of candle that formed yesterday, which we will proceed to look at lower down the page on the latest 6-month chart.