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SLV:GLD Broke Trading Range to the Downside

|Includes: GLD, iShares Silver Trust ETF (SLV)

As said, the third time is the charm. SLV:GLD decisively broke the lower bound of the trading range which contained the pair since May. Technically it means more downside is ahead. Since I took SLV:GLD as a leading indicator of precious matels, I think investors may want to move away from precious matels as for now.