On March 30, 2024 it was noted that confirmation was needed in silver before it could move higher. A review of daily Engrbytrade™ calculations currently indicate a pullback within silver’s long term ascending triangle is planned. Similar pullback signals occurred on August 10, 2020 and February 1, 2021. Since April 3, 2024, computer program selling of very large block trades in derivative products, such as SLV, has increased. The long term move upward from silver’s ascending triangle is still expected.
Stock charts courtesy of StockCharts.com.
