TradingMavericks

SLV : RESET / POSITION TRADE

Long
AMEX:SLV   ISHARES SILVER TRUST ISHARES
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 )
https://seekingalpha.com/article/4394899...

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