Silver Takes Another Hit

After tanking last Friday, Silver has taken another decent selloff, with the Silver tracking fund (SLV) down over 3% today. Support was potentially seen at the 50 MA, but the fund gapped lower trading through it this morning, and hasn’t looked back. The fund is trading near $124 as of 3:25 PM EST with a low on the day of $122.59.

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-- Posted by Blain Reinkensmeyer on December 18, 2006 at 3:26 pm --

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