Replies to post #29833 on iShares Silver Trust (SLV)

[BorisB]

Yes, that is a nice chart pattern. Test of the 200 , a pull back then retest with a close above. Classic..
Now testing earlier resistance level.

[RJ Trotts]

Glad to see it holding above the 200mda. Lets hope the bullish moves continue! After WMT warned yesterday, we can just about bet that retail stocks will place a damper on the overall market. I am glad to have a nice hedge here with precious metals! That once the stock market does take a dump, and stay down for awhile, these precious metals will be very nice to any portfolio.