 |
| World Silver Index XSLV, Nov 9th, 2010. 9am PST |
The XSLV is up yet again today, partially due to investor demand, trend traders, day traders and last but not least, the Shorts that are covering their positions. Silver has hit the upper trend line and may trade sideways for a little while before rising to the $30 level.
 |
| XSLV 2 year chart with upper trend line based on 2009 peaks |
With the shorts covering their positions, it may just knife through the upper trend line right to $30...(?) It will be an interesting month of November for the precious metals and especially Silver to say the least.
No comments:
Post a Comment