11.09.2014 - Four Ways To Trade Silver Near Support
With silver trading near a major support level, here are four ways to trade it using ETFs and stocks. The iShares Silver Trust (SLV) is currently trading near support level of a large descending triangle that has been in place since July 2013. The longer-term trend is down, so it's quite possible the $17.75 to $18 support region will eventually give way to the downtrend. If that occurs, the downside target is near $12.75, attained by subtracting the approximate $5 height of the triangle from the support zone. For those who believe silver is forming a bottom here, the $17.75 to $18 region offers a low risk buying opportunity if a stop-loss is placed just below support...............................................Full Article: Source
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