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iShares Silver Trust
Long
Updated

Will silver follow copper? $SLV

131
Metals have been performing pretty good, DBB is up +21% in the last 6 months and above its 200-day MA

The copper ETF, CPER is up +12% in the last month and breaking out from resistance.

Could SLV follow up? and after silver could IAU?

I'll wait for the breakout above $22.50 with target at $26.

Note
IAU had already broken out!

It may need to pause for a couple of days, my eys is in $SLV.
Note
Break below support line of the handle, still waiting for the pivot buy.
dpuleo19
Also on:
breakoutChart PatternsCPERTechnical IndicatorsmaterialsMetalsSLVTrend Analysis

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breakoutChart PatternsCPERTechnical IndicatorsmaterialsMetalsSLVTrend Analysis
dpuleo19
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.