2024-06-04 13:05:26 ET
Summary
- Silver remains below its early 2021 high, while gold has reached record highs.
- Silver futures broke out of a bearish trend and entered a bullish trend, taking 20 months to surpass the $30 level.
- Rising open interest and increasing prices validate a bullish trend in silver futures markets.
- Amplify Junior Silver Miners ETF is the junior silver mining ETF that tends to outperform the metal during rallies.
Silver tends to be more volatile than gold, but while gold was making record highs over the past decade, silver remains below the early 2021 high at just over $30 per ounce. Silver had not eclipsed the $32 level since February 2013 and had been in a bearish trend of lower highs and lower lows since February 2021....
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For further details see:
SILJ: Explosive Move In Silver And A Correction