CLICK ON CHART TO ENLARGE
Copper is trading at 8-month lows this morning and working on a breakdown of a multi-year support line at (1) in the chart above. At the same time Silver is on a similar multi-year support line at (2) in the chart above.
A further breakdown in Copper doesn’t send a message about the global economy! APRIL FOOLS!
A further breakdown in Copper could well send a message about the status of the macro economy and could well impact/ripple into the pricing of Silver too! Despite Silver being out of favor right now (very few bulls), investors must respect that if Silver breaks support line (2) in the above chart, aggressive selling could take place!
–
