Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Is Silver Basing?


Spot silver continues to carve out a base-like formation for the past three weeks.

That said, however, to trigger the potential of the formation, the price structure must hurdle and sustain above 20.30/60 resistance, which will project upside targets of 21.20/50, and possibly 22.50/80 thereafter.

Only a break of today's low at 19.56 will weaken the pattern, while a decline that breaks 19.00 will wreck the base-like pattern altogether.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!