Showing posts with label Technical analysis silver double upwards channel. Show all posts
Showing posts with label Technical analysis silver double upwards channel. Show all posts

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?