Silver Miners Are In Play
Chris Kimble | Dec 26, 2019 12:33PM ET
Is it hi-yo silver time for silver minning stocks? Could be!
This chart from Marketsmith.com shows that Silver Miners ETF (NYSE:SIL) is working on a breakout of an 18-month trading range at (1).
As the breakout is taking place, relative strength is attempting to turn up.
A long-term moving average bullish crossover took place about 90-days ago, which is a positive for this hard-hit ETF.
Any other positive messages being sent by mining stocks? Yes! The GDXJ/GDX ratio is breaking out of late, which historically sends a positive message to the mining sector.
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