There is a FOMC meeting in June and a rate hike is expected......"expected". The only thing we can expect is that the Fed can not be predicted as to what levels they will stoop to to keep pumping the USD.
Logic says wait for some green and buy around the meeting for a rise do to a hit on the USD. reality has shown that no matter what is expected the USD stays strong.
SLV is rage bound with no ability to hold a breakout. Price resistance to the upside breakout is $18.50 (ish). And Support if it breaks down is around $12.30 on the long term chart.
Logic says wait for some green and buy around the meeting for a rise do to a hit on the USD. reality has shown that no matter what is expected the USD stays strong.
SLV is rage bound with no ability to hold a breakout. Price resistance to the upside breakout is $18.50 (ish). And Support if it breaks down is around $12.30 on the long term chart.