AMEX:SLV   iShares Silver Trust
Silver has broken out of a multiyear descending triangle pattern to the upside. Typically a descending triangle is a bearish pattern so for it to be foiled and having gone to the upside is extra bullish. Moreover, silver entered a bullish falling wedge pattern right after, back-tested the initial triangle's resistance-turned-support and continued upwards. There is likely going to be some consolidation/corrected in the very short term but as far as long term is concerned, silver has only up to go. Silver is also trading at roughly 93:1 compared to gold. This ratio has been proven to be a bottoming signal for silver before in the 90s before it corrects to a ratio of roughly 40:1.
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.