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Will silver follow copper? $SLV
iShares Silver Trust
Long
Will silver follow copper? $SLV
By dpuleo19
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Updated
Jan 23, 2023
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Jan 18, 2023
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.
Jan 19, 2023
Note
IAU
had already broken out!
It may need to pause for a couple of days, my eys is in SLV.
Jan 23, 2023
Note
Break below support line of the handle, still waiting for the pivot buy.
breakout
Chart Patterns
CPER
Technical Indicators
materials
Metals
SLV
Trend Analysis
dpuleo19
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