Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

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.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

U.S. Steel Corp. ($X) Plummets to Support Level

U.S. Steel Corp.’s stock fell more than 17% today after reports that President Joe Biden plans to prevent the company from merging with Japan’s Nippon Steel due to national security concerns. X is trading near a key yellow support level, and X could bottom out around $26.90. The price has dropped sharply so I would […]

Read More
Default Thumbnail

GOLD Making Slow Progress to $2,567.50

GOLD is gradually making some upward progress towards the red resistance line around $2,567.50. There is some volatility in these moves, but over time GOLD has been trending up. Follow me on social media: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

SLV Continues to Face Resistance at $27.31

SLV has rallied back to the white resistance level, but continues to face resistance around $27.31. I would monitor the $27.31 resistance level for a break or rejection here. We’ve already observed numerous attempts to break this level, I think we’ll get a break eventually. Follow me on social media: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

U.S. Steel Corp. ($X) Plummets to Support Level

U.S. Steel Corp.’s stock fell more than 17% today after reports that President Joe Biden plans to prevent the company from merging with Japan’s Nippon Steel due to national security concerns. X is trading near a key yellow support level, and X could bottom out around $26.90. The price has dropped sharply so I would […]

Read More
Default Thumbnail

GOLD Making Slow Progress to $2,567.50

GOLD is gradually making some upward progress towards the red resistance line around $2,567.50. There is some volatility in these moves, but over time GOLD has been trending up. Follow me on social media: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

SLV Continues to Face Resistance at $27.31

SLV has rallied back to the white resistance level, but continues to face resistance around $27.31. I would monitor the $27.31 resistance level for a break or rejection here. We’ve already observed numerous attempts to break this level, I think we’ll get a break eventually. Follow me on social media: https://linktr.ee/realchartchamp

Read More