SILVER, GOLD, AND COPPER BREAKOUT, WALL STREET’S LAST BEAR THROWS IN THE TOWEL
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Metals Break Out
Please click here for a chart of silver ETF (SLV).
Note the following:
- The chart is a monthly chart of silver to give you the long term perspective.
- The chart shows that silver has broken out on a monthly basis.
- The chart shows RSI is reaching an overbought level. The historical pattern is that when RSI on a monthly chart reaches an overbought level, often a pullback occurs, followed by a new high. History does not always repeat itself, but it is instructive.
May 20, 2024