On September 6, 2022, Engrbytrade™ weekly intermarket futures trading data calculations provided results indicating a change in direction. This was followed by silver’s upward trend.
On December 24, 2023, it was noted that daily Engrbytrade™ Silver/U.S Dollar derivative calculations were moving in a direction that confirmed silver is nearing the completion of a long term ascending triangle structure. This is similar to what occurred between 2008 and 2010.
Silver is expected to move though its ascending triangle, but another signal would provide confirmation that an upward trend will continue.
Stock charts courtesy of StockCharts.com.
