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Thoughts on SLV's current move
Watching $SLV nudge above 53.00, it's starting to look like a re-test of that 53.90-54.00 range we saw rejection from recently. A clean break and hold above that would open up some clearer upside, but for now, I'm just noting that prior resistance is still very much in play; a rejection here would confirm the range for me.
1 comments · 1 points
It's certainly testing that resistance. Given the previous rejections, I'm not convinced a clean break is imminent without a significant catalyst.