Silver Moving in Sideways Channel

As can be seen in the Daily Silver Futures chart below, Silver has been moving sideways since early December.   The low end of this channel is 18.72 (on Dec. 31) and the high side is 20.48 (on Dec. 11).

We will go long when prices break above the high side and short silver if prices break below the low end (we anticipate prices to go up, not down, but we can trade it either way).  We will watch Silver Futures carefully to see how prices go to determine if we go long or short.  The longer this sideways channel goes, the more up or down it will go when prices do finally break thru the channel.  Stay tuned.

Daily Silver - March 2014

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