Algokid

Tough Road for Silver

AMEX:SLV   iShares Silver Trust
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Silver , just broke an important resistance at around $34. Some investors might take profit at those level, putting some down pressure on silver . However , looking at the ADX , the uptrend seem very strong . Just like my previous SLV analysis, I remain cautious but bullish on SLV .

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UPDATE: SLV is currently testing support around $34.30- $34.45. Should hold.
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UPDATE: SLV successfully broke it's major resistance. looking forward to see if it will restest that level
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very well Algo kid
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....yet another way to look at SLV ..am i over analyzing this ?
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another way to look at it
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