
CONSENSUS NOW AT THREE RATE CUTS THIS YEAR, MONEY MOVING INTO SILVER
By Nigam Arora
To gain an edge, this is what you need to know today.
Money Flowing Into Silver
Please click here for a chart of silver ETF (SLV).
Note the following:
- The chart of SLV is a monthly chart to give you a long term picture.
- The chart shows silver’s breakout above the support zone.
- The chart shows September is on track to be the fifth consecutive positive month for SLV.
- The chart shows the move in silver is the biggest run up since 2020.
- The chart shows the trader magnet in SLV.
- RSI on the chart shows that silver is overbought.