Golden crosses are defined by an upward cross of a longer-term moving average by a shorter-term moving average. For example, golden cross would occur when an ETF’s 20-day moving average moves above its 50-day line.
A stronger example would be the 50-day line crossing above the 200-day moving average. SLV is almost 9% below its 50-day simple moving average and 15.4% below its 200-day SMA.
iShares Silver Trust
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of SLV.