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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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Created by troublerest 1 year 22 weeks ago – Made popular 1 year 22 weeks ago
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