"Are price trends the only thing to rely on? No, when it comes to markets there is no perfect formula. It is possible that silver may remain in the trading range marked by the two horizontal lines. It is even possible the price may drift lower. But today may be the start of something big, and if so, spotting trends can help.
Silver Finally Turning Higher
Who could have predicted that crude oil would collapse from $70 to $50 during October and November? A lot of money was made there by the shorts. As the saying goes, “the trend is your friend.” So if following the trend is helpful, so is watching for any clues that a trend reversal may be at hand. And right now this break of the downtrend line could be saying that the trend in silver is finally turning higher. If so, maybe a lot of money is about to be made by the longs in the precious metals.”
- Source, King World News, Read More Here