Trade Silver ETF (SLV) on Technical Breakout

about 2 months ago

Mike Preston

"if you take, from a technical analysis standpoint, if you take the height of this triangle from top to bottom and then add it to the breakout level, it brings you up to around this line here. 38 on SLV. That would be a first target. And that's around 42 or so on spot."

Based on technical chart analysis, the speaker recommends trading the silver ETF SLV. The chart shows a triangle formation with a calculated target of about 38, suggesting an attractive exit point for overextended positions, with spot silver expected to reach around 42. Investors who are overexposed in precious metals should consider taking partial profits into this structured rally.

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