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Silver, Gold, And Copper Breakout, Wall Street's Last Bear Throws In The Towel

Benzinga ·  May 20 23:00

To gain an edge, this is what you need to know today.

Metals Break Out

Please click here for an enlarged chart of silver ETFiShares Silver Trust(NYSE: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...
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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