Categories
Commodities

iShares Silver Trust (NYSE:SLV) : Took profit. Expect consolidation

 

Decide to close off my SLV position. It has rise up a lot in a fairly short timeframe and I think it is best to take some money off the table.

At this moment, there is nothing on the Ichimoku chart that is suggesting that the trend will change.

The leading kumo seems to be tapering off and suggest consolidation.

Categories
Commodities

iShares Silver Trust (NYSE:SLV) : Bullish momentum contiues

 

Silver (SLV), is making new high with a very strong bullish momentum since it bounce off the kumo support in end Jan and clearing the resistance of $30 in end Feb.

We can see that both Tenkan sen and Kijun sen are pointing upwards steeply with the confirmation from the leading kumo as well.