The latest on silver from Sean Brodrick that seems to coincide with Sketch's cup and handle formation on ECU.

Regards - VHF

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Chart of Silver - Zoom Zoom

Sean Brodrick

January 8, 2010

This is a classic technical set-up. Our bullish target on silver is $26! Wow! if you’re playing at home with the iShares Silver Trust (SLV: 18.15 +0.26 +1.45%), then the target is 24.50. And if you’re a Red-Hot Commodity ETFs subscriber, and you are long via the ProShares Ultra Silver (AGQ: 67.315 +1.885 +2.88%) — well, let’s keep that one between us, shall we?

Zoom-zoom!

Have a great weekend.