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WorldEconomics
Jul 31, 2022 12:58 AM

Silver Breakout Long

iShares Silver TrustArca

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It seems like the US Dollar Index has peaked (as of now) at 108 which pushed gold and silver down drastically. But we could be on the verge of a massive breakout in silver, back up above $25 an ounce as well as gold back above $1900.

You could start a position now incase silver continues upward or wait for DXY to fall below 100, but by then, you may miss a significant rally in silver.

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DXY has fallen to 101-102 area with gold breaking HKEX:2000 and silver breaking HKEX:25 with PLENTY of room to grow.
Comments
Zestiria
Thank World!!!!!
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