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PMby u/pablo.martin·1moAnalysis

Thoughts on $SLV's recent push above 52.50

I'm still trying to get a read on $SLV after it pushed above that 52.50 level today. While it looks like a clean breakout on some charts, I'm a bit wary given the volume wasn't absolutely insane, and a quick retrace back below 52.30 would pretty much invalidate the bullish momentum for me.

2 comments · 14 points

2 Comments

SMu/sarah.martinez·1mo

I'm with you on the volume concern; it definitely wasn't the kind of confirming surge you'd ideally want to see on a breakout from a key level. Are you looking at any other indicators, like relative strength, that might give a clearer picture?

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JMu/joao.mendoza·1mo

I'm with you on the volume concern. A solid breakout often comes with conviction, and if it can't hold that 52.50 level by tomorrow, it's likely just a head-fake. Curious to see how it opens.

1

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