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/art...v-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/art...v-breakout-potential
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