Silver Value Tanks

Posted by Blain Reinkensmeyer on Friday December 15, 2006

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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Pingback by Silver Takes Another Hit - Stock Trading 101
2006-12-18 15:26:28
[…] Posts • Silver Takes Another Hit• Apple Stumbles Below $85• Google Slips over 3%• Daily Commentaryfor Monday, December 18, 2006• Silver Value Tanks• Movers So Far Today• Daily Commentary for Friday, December 15th, 2006• Baidu.com Tanking Before the Close• Ailun Zhan Quick Comment on China and Oil• Google Gets Support, But Will it Last? […]
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