Rebound Expected In The iShares Silver Trust ETF (SLV)

technical chart lookTrading Central: From a technical view, the ETF is coming back above the 21.80 support area highlighting a tentative false breakout.

Regarding technical indicators, the 120-min RSI has broken above a bearish trend line calling for further recovery in the short term.

On a relative basis against the IVV S&P500, the iShares Silver Trust is facing the lower boundary of a bearish channel (120-min chart) which should spark a rebound.

Trading strategy:
Buy @ $21.97 – Stop loss @ $21.35 – Target @ $23.70

Ratio SLV versus iShares IVV SP 500






RSI: (Relative Strength Index) a technical indicator which measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 – 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods Bullish gap: area on the bar chart where no trading has taken place. In an uptrend, prices open above the highest price of the previous day, leaving a gap or open space on the chart that is not filled during the day.

For more information on iShares ETF go to:


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