Silver Price: The Best Winning Streak Since 2006

London (Feb 26)  In my previous article titled SLV Has Done Something Not Seen Since 2011, I discussed that the iShares Silver Trust ETF (NYSEARCA: SLV) had recorded seven straight weekly gains, a streak not seen since 2011. I had then concluded that the precious metal would continue its winning run in the coming weeks as well. I am glad to announce that silver has proved me correct yet again by registering nine straight weekly gains. This is the first time since 2006 that the precious metal has achieved this feat. So, is this a good time to take some money off the table? There is no easy answer to this question but by the end of this article, an investor will be able to make a better investing decision.

The weekly silver futures chart highlights the latest winning streak and tells us that the precious metal is about to reach the crucial resistance level of $18.455, according to the 50 percent Fibonacci retracement.

Source: Kingworldnews.com