Thursday, September 15, 2011

Silver/SLV Update

It's been awhile since we have seen decent signals in SLV, I don't know if it has been fear of margin hikes, problems concerning the physical holdings of the ETFs or what, but we are starting to see some signals come through now.

 SLV 1 min positive divergence. Note the tell-tale flat trading range we often see accumulation at.

  SLV 5 min positive divergence

And a slight SLV 10 min positive divergence
The 15 min hart is in line. The 5 and 10 min charts will have to show more underlying 3C strength before the 15 min hart moves in to positive territory.

I'll keep an eye on this, we may have our first silver trade in awhile.

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