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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...
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