{"id":170359,"date":"2020-05-11T13:19:56","date_gmt":"2020-05-11T17:19:56","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170359"},"modified":"2020-05-11T13:19:56","modified_gmt":"2020-05-11T17:19:56","slug":"silver-breakout-in-progress","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/silver-breakout-in-progress\/","title":{"rendered":"Silver Breakout in Progress"},"content":{"rendered":"<div id=\"inves-3871431770\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 11, 2020<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Money Metals News Service<\/b><\/p>\n<p>Gold and silver markets are inching closer to embarking on new uplegs. Silver outperformed last week and appears to have the momentum behind it to lead a fresh precious metals breakout.<\/p>\n<p>Silver prices will run into some overhead resistance just above the $16\/oz level. Once broken, that technical line on the weekly chart could serve as a springboard for a run toward $19\/oz \u2013 and ultimately higher.<\/p>\n<p><img decoding=\"async\" class=\"img-responsive center\" src=\"https:\/\/www.moneymetals.com\/uploads\/content\/silver-chart-200508-1-lg.jpg\" alt=\"Silver Chart 1 (May 8, 2020)\" \/><\/p>\n<p>Zooming in on the daily chart, silver is trading solidly above its 50-day moving average for the first time since late February, suggesting a breakout is indeed in progress.<\/p>\n<p><img decoding=\"async\" class=\"img-responsive center\" src=\"https:\/\/www.moneymetals.com\/uploads\/content\/silver-chart-200508-2-lg.jpg\" alt=\"Silver Chart 2 (May 8, 2020)\" \/><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/money-metals.png\" width=\"80\" height=\"79\" align=\"left\" \/> The Money Metals News Service provides market news and crisp commentary for investors following the precious metals markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Money Metals News Service Gold and silver markets are inching closer to embarking on new uplegs. Silver outperformed last week and appears to have the momentum behind it to lead a fresh precious metals breakout. Silver prices will run into some overhead resistance just above the $16\/oz level. Once broken, that technical line on [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170359","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=170359"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170359\/revisions"}],"predecessor-version":[{"id":170367,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170359\/revisions\/170367"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}