Gold managed to break out from its bearish flag formation and sailed right through the $1700 level. Silver, on the other hand, is still within the bearish flag and at the moment is struggling to push through the $33.4 level. For long term investors this is a confirmation of the long term trend in gold and silver (which is here to stay), but for short term investors this may prove to be a good opportunity to reap a few profits by going short.
