SLV: Breakout Potential
SUMMARY :
The iShares Silver Trust ETF is trading under pressure and the instrument has lost more than 17% of its value since August 10th, 2020.
However, irrational exuberance in stock markets, a negative unemployment trend in the U.S., and an alarming surge in U.S. money supply could help SLV to break above prior highs.
As a potential breakout trigger, we will be watching the $24 level because we think that a sustained bullish move here could extend into a much wider rally into 2021.
SOURCE: Dec. 15, 2020 3:13 PM ET / iShares Silver Trust ETF (SLV)
seekingalpha.com/article/4394899-slv-breakout-potential
SUMMARY :
The iShares Silver Trust ETF is trading under pressure and the instrument has lost more than 17% of its value since August 10th, 2020.
However, irrational exuberance in stock markets, a negative unemployment trend in the U.S., and an alarming surge in U.S. money supply could help SLV to break above prior highs.
As a potential breakout trigger, we will be watching the $24 level because we think that a sustained bullish move here could extend into a much wider rally into 2021.
SOURCE: Dec. 15, 2020 3:13 PM ET / iShares Silver Trust ETF (SLV)
seekingalpha.com/article/4394899-slv-breakout-potential
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.