Silver Takes Another Hit
Posted on Mon 18th Dec, 2006 03:26:22 PM
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.
