Silver Attempts a Pre-Fed Breakout: Technical Analysis

148

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 …

For more, please click here to view the related idea and chart analysis on TradingView.

iShares Silver Trust (SLV), daily chart with selected patterns and indicators, courtesy of TradingView.
Advertisement #1 Trading Platform Technology - 8  years running!