Skip to main content

Silver: Back In Focus

Silver is coming back into focus as the charts show a bit of upward movement with price action and potential brewing for some chart breakouts. This post starts with a look at the charts of Silver spot metal and then some popular US silver-based stoks / ETFs. With all of these charts, I'm on the lookout for any momentum-based trend line breakout (meaning an uptick over 20 for the ADX and +DMI) along with a move back above the weekly Cloud and on a volume spike.

Spot Silver

Silver monthly: a bear trend line is under pressure but watch for any uptick over 20 for the ADX and +DMI.

Silver weekly: there has been a momentum trend line breakout but watch for any move back above the Cloud and on a volume spike:

Silver ETFs

Silver Miners ETF: SIL weekly: watch for any momentum-based trend line breakout that triggers with a move above the Cloud and on a volume spike:

Junior Silver ETF: SILJ weekly: watch for any momentum-based trend line breakout that triggers with a move above the Cloud and on a volume spike:

Silver ETF: SLV weekly: there has been a momentum trend line breakout but watch for any move back above the Cloud and on a volume spike:

http://www.tradecharting.com/

About the author

Average: 4 (1 vote)

Newsletter Signup

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!