iShares Silver Trust (SLV): Short Sell At $14.15
Trading Central | Jul 22, 2015 12:12AM ET
The iShares Silver Trust (ARCA:SLV) is trading a steep declining channel.
The break below the previous low at 14.60 has major bearish implications.
Regarding technical indicators:
The 20-day moving average (in red) and the 50-day moving average (in blue) are trending lower and are possible areas of resistance
On a relative basis against the iShares IVV SP500:
The iShares Silver Trust (SLV) has broken below a support line.
The 20-day moving average (in red) and the 50-day moving average (in blue) are trending lower and are possible areas of resistance
LAST: $14.15
ENTRY: 14.15 [entry area: 14.00 - 14.60]
STOP: 14.80 (-4.59%)
TARGET 1: 13.15 (7.07%)
TARGET 2: 11.65 (17.67%)
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.