conradkz

Silver and commodities waking from their sleep?

AMEX:SIVR   abrdn Physical Silver Shares ETF
I drew a couple of trend lines - but my takeaway is that we have been in a consolidation pattern on silver since September. We recently broke above a downward trend and picked up on a upward trend from earlier this year. This may be an entry point as the risk in equities increases. Its something to watch but I'm not sold on this being the point at which we break out higher. TBD .
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.