Is Silver Ready To Rise …

Gold closed above the 50 day MA in early November and has since been a daily uptrend.

Gold ran into resistance at the 200 day MA and spent the better part of December in consolidation. Then early January gold resumed its uptrend.

The Miners followed a very similar pattern. They also closed above the 50 day MA in early November and has since been a daily uptrend. They also ran into resistance at the 200 day MA and spent the better part of December in consolidation before resuming its uptrend in January.

After closing above the 50 day MA in early November, Silver also ran spent a large part of December, as well as most of January, in consolidation.

Silver appears to be working through previous support that has not turned into resistance. However with Gold and the Miners resuming their respective uptrends, I suspect that Silver will soon be ready to rise.

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