SLV is looking overbought, maybe time for a correction here.
SLV daily, note the doji thus far today which indicates a loss of momentum.
The 1 min doesn't seem to suggest much, which can often be a sign that there's some distribution going on if confirmed in longer charts.
Like this 5 min chart which is leading negative
This 15 min chart which is relative negative
However, there doesn't seem to be any real risk showing up to the viability of more upside after a correction.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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