SLV, daily
A move under $30 opens up a fast and furious move to re-test the 26/25 floor. Only a few consecutive closes above 32.50 would arguably take Silver out of the danger zone, and even then, we have the weekly and monthly charts which are still broadly trending lower.
For traders, we do at least have a very clear situation for stops..
Bulls...29.95...
Bears, arguably..no higher than the 50 day MA at 32.25
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As ever..in the physical world though...keep on stacking ;)
