2024-04-12 12:19:06 ET
Summary
- SLV has broken out of a multiple consolidation pattern, indicating potential for higher prices.
- The potential is supported by several key fundamental forces like the supply-demand dynamics of silver and the mint ratio.
- Silver's supply-demand has been imbalanced in recent years.
- Expansion of new technologies such as renewable energies, EV and 5G is expected to further widen the imbalance.
SLV’s breakout
This article’s goal is to A) analyze the technical signs that the iShares Silver Trust ETF ( SLV ) has finally broken out a multiple consolidation pattern, and B) analyze the fundamental forces that can support even higher prices....
Read the full article on Seeking Alpha
For further details see:
SLV: Silver Has Broken Out (Technical Analysis)