In the Spotlight — SLV

While silver has lagged gold over the recent months, both stand to benefit as jittery investors flee the market for safer havens.  While gold has pressed on to new all time highs, silver as seen in the iShares Silver trust etf (SLV) is noticeably behind its shiny brother.  However, after a brutal fall in early May, SLV has built a decent base and is now flagging above its key moving averages as they curl upwards just below its price action.  This type of action typically precedes a strong move higher, and traders should keep an eye on equities tied to the precious metals as they are currently one of a very small group of equities offering decent setups.

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Posted in Charting & Analysis, Charts, Stocks, Watchlist