SLV CHANNELING, Cautiously Bullish

BATS:SLV   iShares Silver Trust
SLV is in a currently in a downtrend and below the 20MA but still within the long term channel 1 uptrend. If the short term trend continues, look for SLV to hit the bottom of channel 1. If SLV breaks channel 1 that would be bad news for the bulls


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