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Commodities

iShares Silver Trust (NYSE:SLV) : Bullish signals aligned


Silver (SLV) has its bullish signal aligned for higher move upwards.

It has consolidated nicely during the month of December 2010 and has since start its move upwards again breaking the $30 resistance.

On the Ichimoku chart, we can see that there is no resistance ahead of the Chikou Span, both Tenkan sen and Kijun sen are pointing upwards and the leading kumo provides additional support heading upwards as well.

By iam802

Trend trading with Ichimoku