Silver Attempts a Pre-Fed Breakout: Technical Analysis

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Silver has been dead money since the summer as the U.S. dollar ripped higher. But now it’s attempting a breakout — despite next week’s looming Federal Reserve meeting.

Notice how the iShares Silver Trust (SLV) made a higher low on January 6 versus its nadir the previous month.

Next, consider the level above which it made the higher low: $19.80. That price marked …

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iShares Silver Trust (SLV), daily chart with selected patterns and indicators, courtesy of TradingView.
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