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:
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