On December 24, 2023 it was noted how money from numerous bailouts and rescue packages were approved by Congress between 2020 and 2022. At the time a silver chart structure was developing within an ascending triangle that was on course to be completed in the first quarter of 2024. A quick move up in silver during 2024 was expected. In 2024 precious metals prices started to move higher and are now hitting another peak similar to 2011. The following charts provide some perspective on the current position of SLV compared to 2011.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
