Silver Price is breaking out right now. Silver...
Updated
https://www.tradingview.com/x/w00vTQns/
We saw the silver price during Tuesday trading get sucked down by a sell-off in the Gold price due to double-top formation on multiple timeframes.
But actually Silver showed price divergence relative to Gold in that it's price held up quite well. Why would that be? Well the Silver Daily chart is so much healthier for Long positions in comparison to Gold which at last viewing was still littered with double top formations.
Silver recently broke 30.0460. Expected higher prices in NY afternoon trading.
We saw the silver price during Tuesday trading get sucked down by a sell-off in the Gold price due to double-top formation on multiple timeframes.
But actually Silver showed price divergence relative to Gold in that it's price held up quite well. Why would that be? Well the Silver Daily chart is so much healthier for Long positions in comparison to Gold which at last viewing was still littered with double top formations.
Silver recently broke 30.0460. Expected higher prices in NY afternoon trading.
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Be aware...emerging now on the 15m, 30m & 1hr timeframes is bearish heads n shoulders patterns, however at this point the price is well away and above the selling neckline. I will watch.Trade active
Silver is having a good run so far. Breaking over its key area of 30.00. Chart below
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Be careful going LONG in any precious metals right now. I am seeing weakness again in the Gold price.Disclaimer
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