SLV has been taking a beating towards the latter half of September. It gapped down pretty drastically from the 25 range down to 21s but over the last week, it has been building up nicely.
I will be watching SLV this week, and hoping for a gap up to the high 23's low 24's. Ideally, we can get some action trapped in the box, like we saw during Aug until late September
I think we can get action back up to the mid 25's as RSI looks like it has some more room to run, and received buy signal with MACD. Also price action crossed 20 MA and using 50 EMA as support today.
I will be watching SLV this week, and hoping for a gap up to the high 23's low 24's. Ideally, we can get some action trapped in the box, like we saw during Aug until late September
I think we can get action back up to the mid 25's as RSI looks like it has some more room to run, and received buy signal with MACD. Also price action crossed 20 MA and using 50 EMA as support today.
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