Range bound six months ago, silver is now playing with the prospect of an important breakout: up and out of the range that has been mired. The four similar charts below tell the tale. For investors looking to get long silver, the ETF to use is the iShares Silver Trust (SLV). SLV traded around $29.90 on Friday. Our price target is $35 per share. Silver chart Chart 1 Chart 2 Chart 3 Chart 4 -Carter Braxton Worth For actionable recommendations via email and live video every night become a member at worthcharting.com NOTICE: None. All opinions expressed by CNBC Pro contributors are their opinions only and do not necessarily reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated on television, radio, internet or other media. THE ABOVE CONTENT IS SUBJECT TO THE TERMS AND CONDITIONS AND THE PRIVACY POLICY. THESE CONTENTS ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL CONNECTIONS OR RECOMMENDATIONS TO PURCHASE SECURITIES OR OTHER FINANCIAL ASSETS. The content is GENERAL and does not reflect the unique personal circumstances of any individual. THE ABOVE CONTENT MAY NOT APPLY TO YOUR PARTICULAR SITUATION. Before making any financial decisions, you should strongly consider seeking the advice of your financial or investment advisor. Click here for full disclaimer.
This rangebound precious metal is going to break out and see strong gains, said Carter Worth
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