Silver Takes Another Hit

Posted by Blain Reinkensmeyer on Monday December 18, 2006

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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