Silver has been range-bound for the past six months and is now contemplating the prospect of a major breakout: to the upside and out of the range it’s trapped in. The four identical charts below illustrate this point. For investors looking to buy silver, there is the iShares Silver Trust (SLV) ETF. SLV was trading around $29.90 on Friday. Our target price is $35 per share. Silver Chart Chart 1 Chart 2 Chart 3 Chart 4 -Carter Braxton Worth For actionable advice via email and nightly live video, become a member of worthcharting.com Disclosure: None. All opinions expressed by CNBC Pro contributors are theirs alone and do not reflect the views of CNBC, NBC UNIVERSAL, its parent company or affiliates, and may have been previously disseminated by them on television, radio, online or other media . The above is subject to our Terms and Conditions and Privacy Policy. This content is for informational purposes only and does not constitute financial, investment, tax or legal advice or a recommendation to purchase any security or other financial asset. The content is general in nature and does not reflect any individual’s unique personal circumstances. The above may not apply to your particular situation. Before making any financial decisions, you should strongly consider seeking advice from your own financial or investment advisor. Click here to view the complete disclaimer.
