Tuesday, June 22, 2010

Silver (SLV) double upwards channel

This video shows a daily chart of the Silver ETF SLV going back to late 2008. You can see that it broke the main support line in early 2010 and it is now a resistance line with a lower upwards channel.

The main trend line intersects with the March 2008 high around mid July 2010. Will Silver (SLV) continue with to trend within this channel?

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