Sunday, June 20, 2010

Quadruple top for Silver? Is SLV a good trading tool?

A chart of SLV shows that it has hit the ~$19.5 level 3 times since July, 2008.  Silver is now trending higher again and may hit that level again for a possible Quadruple top. Will Silver pierce that level and pass the high of March 2008 of $20.73?

Also, is SLV a good trading 'tool' ?

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