Friday, September 26, 2014

Side Note: Silver ETF (SLV) at Long-Term Support?

A bit of a tangent from our usual posts.  The daily chart below suggests ishares Silver Trust ETF SLV is at multiple support and oversold conditions. 

SLV has tumbled significantly since the spring of 2011. 

Will we see a rally from here?

Click Chart to Enlarge

Not Investment Advice | Important Disclaimer: 
The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers  for in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

Financial Disclosure:
The author/publisher has a long position in SLV at the time this article was written.

Base Chart Provided Courtesy of  Analysis and Annotation by (All Rights Reserved)

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