Tuesday, September 27, 2011

slv update

SLV 1 min recent accumulation

 SLV 2 min accumulation and one of the strongest ares seen in awhile.

 SLV 5-this could possibly turn in to a positive divergence where SLV may make for a decent entry on the long side.

 SLV 10 min. A leading positive divergence

 SLV 10 min is in line today with the price trend

 SLV 15 min, leading positive divergence and in line today with prices.

 SLV 15 min 3C depth chart, shows this to be one of the shallowest troughs since Feb. 2011

 SLV 30 min showing a relative positive divergence

SLV 60 min, another relative positive divergence.

You have to be aware of the COMEX risks when trading the PMs, but SLV may offer a decent low risk/high probability entry soon.

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