Silver Value Tanks

Take a look at Ishares Silver Trust (SLV) and painted is a horrible picture of Silver free falling in value. SLV is down over 6.5%, or nearly 9 points, trading now around $128. Over 1.4 million shares have been traded today in the tracking fund, which is almost some 500% its average daily volume. Look to get support at the 50 MA but also look to see alot of volatility over the next few weeks.

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-- Posted by Blain Reinkensmeyer on December 15, 2006 at 3:11 pm --

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2006-12-18 15:26:28

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