“We would look for the SLV to move back above its trend-line and penetrate the 20-day and 50-day moving averages before resuming its upward trend and retesting the April high,” Chojnacki said, adding that another ETF with similar technical characteristics is ETFS Physical Silver Shares (NYSEArca: SIVR).
Full disclosure: Tom Lydon’s clients own SLV.
Editor’s note: For more information on Street One ETF research, contact [email protected].
