Silver “enjoyed” quite a pop from the US-Iran clash. Now that everyone’s taken a deep breath – at least, everyone trading metals – what’s the scenario from here?
As always, first the chart – this time for SLV, the unleveraged silver ETF that trades on US markets.
What the chart of SLV says is silver probably got a little too over-extended in the short term. Silver had a nice, fairly balanced run-up the previous 3 weeks or so, then came US-Iran. Of course, it popped, any big shooting-fighting is massive geopolitical uncertainty.
But… Continue reading at ETFDailyNews.com