Silver Chart Update: another Flag Formation just before Breakout

The silver price broke out of the gray flag formation that began in early April at the end of May and reached the theoretical price target almost exactly.

Since then, the green flag has established itself – in the event of a breakout, the vertical expansion (green arrows) would again have to be plotted upwards from the breakout point. This would target the area of 40-41 US dollars. This also corresponds to the price target of the silver chart analysis from June 7:

Chart-Update Silber: Erwarteter Aufwärtsimpuls führt Silber jetzt auf Fünfjahreshoch

The orange trend line is holding, and the 200-day and 100-day lines are also continuing to rise steadily.

The MACD indicator is about to generate a buy signal, which the Stochastics indicator recently achieved (for both, the blue line must cross the red line upwards).

silber040725-GOLDINVEST — *Source: Comdirect*

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