Precious metals have been in decline for much of the year.
Could this bearish phase be coming to an end?
Today, we look at a “daily” chart of Silver.
After breaking out of its short-term downtrend in August, Silver prices rallied (the ETF reached $64). But now prices are backing and filling (falling slowly) and it will be important to see Silver bulls show up in the weeks ahead. If they do, this bearish phase may be over.
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$SLV Silver ETF Chart
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
