Large Scale Breakout in Silver SLV – Real or False?
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While most traders pay much more attention to gold, silver is trying to vie for their attention currently.
While gold rallied into a known resistance area recently, silver quietly broke to new recovery – and new 52-week highs. The question now remains – is the breakout real or just a trap?
Let’s start with the big picture of the Weekly chart for silver’s tradeable ETF SLV:
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