While the silver price has had a bit of a bounce since the end of 2015, not much has really changed on the chart.
The above chart consists of three Schiff Pitchforks stacked on top of each other. The original pitchfork is in the middle with the other two on either side.
The silver price hasn't shown much inclination to move outside the original Schiff Pitchfork, with a few brief exceptions from 2014 until now.
There probably isn't much to get excited about until the silver price rises into the upper pitchfork and above the red mid-line.
Chart Analysis uses a combination of technical analysis and cycles to provide insight into the future direction of precious metals, currencies, stock indices and more.