Silver is up testing multi-month trend lines on a number of fronts and might be worth watching for any continuation move. In this post I show charts of Silver (SI), the Silver ETF (SLV) and the Silver Miners ETF (SIL) with charts of the first two showing a daily-candle based trend line breakout. I also show one US Silver optionable stock, SLW, that might be worth stalking for any breakout move.
Silver: SI: there has been a daily candle close above an 8-month bear trend line. Watch for any weekly close above this resistance and for a move back up out of the weekly Cloud and for any Volume uptick.
SI weekly:
SI weekly Cloud:
SI daily:
SLV: Silver ETF: As with the base metal Silver, there has been a daily candle close above an 8-month bear trend line for this ETF. Watch for any weekly close above this resistance and for a move back up out of the weekly Cloud and for any Volume uptick.
SLV weekly:
SLV weekly Cloud:
SLV daily:
SIL: Silver Miners ETF: Price action remains range-bound for now within a weekly chart Flag pattern. Watch for any weekly close out of this Flag though and then for any move back out of the weekly Cloud and for any Volume uptick.
SIL weekly:
SIL weekly Cloud:
SIL daily:
SLW weekly:: Silver Wheaton: one stock that might be worth stalking for any triangle breakout move: