SLV Update

 SLV 5 min slightly negative

 SLV 10 min has already had 1 negative divergence send it lower, it is still lagging

 The 15 min chart however, from a longer term perspective is leading positive, with a relative negative divergence. The bigger picture is the leading positive divergence.

 Here's a closer view of the 15 min chart. I would be on the look out for some consolidation/pullback, however at this point it seems like it would be a healthy consolidation.

 The 30 min chart is also leading positive, with a slight relative negative divergence. Again, the more important signal is the leading positive as it seems SLV is building up strength in a long timeframe.

The 60 min also shows a fairly substantial looking base in SLv, this is the sort of base I was suggesting to be on the lookout for in UNG in the previous post.

All in all, SLV looks like it is bracing itself in the area for a stronger move up.