jpbrown1023

Silver - Running out of Steam

jpbrown1023 已更新   
AMEX:SLV   iShares Silver Trust
Looking at the daily chart for Silver, we can see a solid push from the $13.11 range in November to over $15 in February. However, since hitting strong overhead resistance this run appears to be losing steam. The ADX which measures the strength of the trend appears to have double topped. The MACD is showing bearish divergence as well. There is still a chance for the price to rebound off support and retest the purple trend, but I am biased to the downside for now.
评论:
I'll be looking for a bounce off support and will have my buy order ready
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