Silver Breakout? or Fakeout
Metals look to have tailwinds with bonds finding support (real rates coming off), DXY stabilising, and the incoming trump administration. The charts are constructive with possible early breakouts. If upward momentum continues then price will likely target recent highs and then possibly higher after consolidation or pullback.
Possible risks to trade include resumption of bond decline with rising real rates and USD strength.
Possible risks to trade include resumption of bond decline with rising real rates and USD strength.
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