Monday, January 30, 2012

Silver ETF: "SLV Near Triple Resistance"

The futures are off a percent at $33.46/
Following up on yesterday's "Silver Closing the Gaps, Look Out Below (SLV)", here's the Price Action Lab Blog with a look at the ETF:

The recent rally in precious metals has lifted SLV as much as 28% from its December 2011 low of $25.65 to close near $33 on Friday, January 27, 2012. This closing price is $1.50 below a triple resistance area.