Silver is sitting on top of the .382 fib level support shown in the chart, which is where the current cost of production resides around $14.75/oz. Low risk, high reward - this is a perfect setup for those interested in making an play going toward negative rates, QE4 and the end of the petrodollar agreement.
% Returns Analysis: Silver below Gold -> Silver undervalued
Fibonacci Level: Strong support at cost of production near $14.75/oz
TDI: in formation
Gold/Silver ratio: 83:1 -> Silver undervalued
Note: SLV is not equivalent to owning physical silver . Trade SLV at the risk of fund insolvency and loss of investment - most holdings are suggested to be physical.