In my previous post on $SLV, I highlighted that the letter ‘h’ might form on the chart. However, it did not. Instead it bounced off the support level near $32 and stage a comeback. However, I will be wary of a bullish move for SLV for the next few months (at least till Nov-Dec). We… Continue reading iShares Silver Trust ($SLV) : Is it bullish yet?
SLV seems to be trading within the range. This may provide a good opportunity to take a position. On the Ichimoku Daily Chart, SLV is in the bearish zone under the kumo. Resistance from the kumo is around $36 and $40 However, on the Ichimoku Weekly Chart, SLV bullish trend is still intact. One… Continue reading iShares Silver Trust ($SLV) : Watch the H
Despite the gap down from 38 about 2 weeks back, SLV has hold off on the kumo support . In fact, we can see how it bounce off the support and seems to be headed towards the gap resistance at around $38. My personal opinion. If one has missed the entry at $32, it is… Continue reading iShares Silver Trust ($SLV) : Trendless state. Be careful