Any good charts on Silver atm?, page-176

  1. 835 Posts.
    lightbulb Created with Sketch. 52
    It seems that Silver has now pulled back to retest the inverted head and shoulders breakout. There are about 3 other key TA patterns that have also been confirmed just today. With a higher than anticipated US ECI last night, people are starting to realise that inflation isnt going away (https://www.cnn.com/2024/04/30/economy/employment-cost-index-eci-wages-q1/index.html).

    With the FED rate hike decision tonight, we might have enough inflation for their continued pause in rates to justify a Silver and Gold breakout i.e. 1970s Stagflation breakout. If the FED signals that they are ending the MBS and treasury selling, that would add significant fuel to the fire.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.