Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Silver and The Precious Metals Miners Diverge


The positive divergence between Silver and Silver Miner Silver Wheaton Corp. (SLW) is striking.

Spot Silver is getting the benefit of the doubt from an upmove in industrial metals like Copper, which anticipate stronger economic growth in anticipation of an "unleashed" Trump Economy.

As a result, Silver has managed to hold above its up-sloping 200-Day EMA (17.79) amid a larger, still-developing, multi-year Rounded Bottom Formation.

Conversely, Silver (and Gold) miner SLW missed on earnings and has plunged beneath its up-sloping 200-Day EMA (22.47), and has down-spiked into key multi-month support lodged between 22.00 and 18.00, which must contain any additional weakness to preserve its bull trend.

I will be looking for strong buying interest to emerge under 20.00, and a powerful upside reversal that indicates the correction off of SLW's Aug high at 31.35 is complete.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!