Could Silver lose 30% of its value from here?

by Chris Kimble

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I shared the above chart  three weeks ago with members...suggesting to "Rent Rallies in Silver, not own them!" Why Rent? The above long term chart focuses on "Ascending and Descending Triangles" in Silver.

The bullish "Ascending Triangles" helped us score big while on the way up and the "Descending Triangles" have helped to give us perspective in the bigger sense towards Silver on the way down. This pattern not only has been helping us, Sentiment has too, as Silver bulls doubled in a couple of weeks. Since Silver hit $50, each time Sentiment doubled in a few weeks, Silver ran out of gas.

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