Saturday, August 25, 2012

Silver "Short" Update


$SLV closed the week at $29.75.  (Short position was entered at $28.275 with a stop at $30.125.)  Currently, $SLV is trading right at its "Bearish Resistance Line."  Both its "Full Stochastics and Wm%R" are extremely "overbought."  Downside price target remains at $19.

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