MannyLo

Silver - Next Play

Long
AMEX:SLV   iShares Silver Trust
Checking back in with Silver $SLV. If you saw our previous charts on Silver, both Gold and Silver have been on bullish runs this year. SLV seems to be consolidating at the moment and wouldn't be surprised to see a bullish break on this pennant pushing to the $34 levels.

We'll be keeping a close watch on this one. Looking for confirmation before entering. Good zone would be a breakout and $26.50 buy in with a 2% trailing stop loss.

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