By Money Metals News Service
This spring, gold vastly outperformed silver, leaving the white metal looking for direction. The silver chart shows prices winding up within a huge wedge pattern.
As the trading range gets narrower and narrower, it sets up a resolution in the form of a very strong directional move one way or the other.
A few more weeks of consolidation are still possible before a decisive break out from the pattern.
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In 2016, silver was very strong in the first half of the year and weak in the second half. The first half of 2017 has been something of a wash, setting up something potentially big in the back half of the year.
The Money Metals News Service provides market news and crisp commentary for investors following the precious metals markets.