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SLV Attempting a Bullish Breakout Above 11-year Resistance Line

Written By: ChartChamp

March 14, 2024

$GOLD already formed new all time highs, and $SLV is showing some bullish strength here as well. This was a scenario discussed in my last market update video with GOLD leading the rally for commodities and SLV lagging behind. SLV had numerous failed attempts to breakout here so I would monitor the price action carefully. I’d like to see some more buy volume coming in and continued bullishness. Otherwise this could turn into another failed bullish breakout for SLV.

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