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Silver: check up.

This is a follow-up article on Silver to one that I published a month ago. Back then I'd suggested watching for any Silver metal close above $16 and we've now had a weekly close above this key level. In this post I update charts of Silver and ETFs assessed in the previous post and add a few more Silver ETFs and stocks into the mix as well.

 

Silver monthly: price action looks to be holding above the recent Low region of $13.50.  Watch for any monthly close above the resistance of the 200 EMA:

 

Silver weekly: price action closed last week with a decent sized bullish weekly candle above the $15 and $16 levels.  Watch for any new weekly close above the resistance of the 200 EMA:

 

Silver weekly (recent price action): this chart zooms in on the last swing Low, that is, from June 2016 to June 2019. Note how this swing Low move shaped up into a triangle and how there has been a recent bullish breakout from this triangle. The 61.8% fib is up near $18 and so would be the target for any continued bullish momentum:

 

Silver weekly Cloud: a bullish bias is supported given the move back above the weekly Cloud and the uptick with trading Volumes:

 

Silver daily: the pattern of lower Highs and lower Lows seems to have been broken:

 

Silver ETFs:

SIL Silver Miners ETF: Price action has broken above a recent trend line but watch the longer-term bear trend line for any new make or break. Note how price is now above the weekly Cloud and trading with more volume:

SIL weekly:

 

SIL weekly Cloud:

 

SILJ Junior Silver ETF: the bullish breakout has continued here so watch for any new make or break at the weekly 200 EMA but the target remains as the $15 level as this is previous S/R and near the weekly 61.8% fib. Note how price is now above the weekly Cloud and trading with more volume here too:

SILJ weekly:

 

SILJ weekly Cloud:

 

SLV Silver Trust ETF: I'd previously mentioned to watch for any weekly close above $15 and we've now achieved this level. The target remains as the $35 level as this is previous S/R and near the weekly 61.8% fib. Note how price is now above the weekly Cloud and trading with more volume here as well:

SLV weekly:

 

SLV weekly Cloud:

 

AGQ: this 2x Bull Silver ETF has broken out of a recent wedge but watch for any new make or break at $30 and for any move above the weekly Cloud:

AGQ weekly:

 

AGQ weekly Cloud:

 

AGQ monthly:

 

Silver Stocks:

AG First Majestic Silver Corp: there has been a close above the weekly Cloud on higher Volume so watch for any new breakout here.

AG weekly:

 

AG weekly Cloud:

 

EXK Endeavour Silver Corp: there has been a very new bullish triangle breakout here on higher volume but watch for any new close above the weekly Cloud. The target for this move is the $9 level as this is previous S/R and near the weekly 61.8% fib.

EXK weekly:

 

EXK weekly Cloud:

 

PAAS Pan American Silver Corp: there has been a very new bullish triangle breakout here as well on higher volume. Watch for any new close above the weekly Cloud. The target for this move is the $30 level as this is previous S/R and near the weekly 61.8% fib.

PAAS weekly:

 

PAAS weekly Cloud:

 

HL Hecla Mining: watch for any wedge, Cloud and Volume breakout. The target for any bullish breakout move is the $5 level as this is previous S/R and near the weekly 61.8% fib.

HL weekly:

 

HL weekly Cloud:

 

WHP Wheaton Precious Metals (formerly Silver Wheaton Corp.): this has made a choppy triangle breakout and is already above the weekly Cloud. The target for this bullish breakout move is the $35 level as this is previous S/R and near the weekly 61.8% fib.

WPM weekly:

 

WPM weekly Cloud: