iShares Silver ETF (SLV): In Retracement Mode

iShares Silver ETF (SLV) has been on very bullish mode for these two months after breaking out from the Inverted Head and Shoulders (trend reversal pattern) and retested the neckline (illustration in green). SLV is expected to retrace into consolidation mode after reaching the 161.8% Fibonacci Expansion Level. Currently SLV is just sitting above 20D SMA support. Next critical support is at $17.00 (in blue).SLV July23-2016

SLV is currently on bullish uptrend. By looking at the current trend and long term chart, can you spot any investment opportunity? Happy Hunting!

Original post from http://mystocksinvesting.com

SLV July23-2016 (long term)

iShares Silver (SLV): Breaking Down From Symmetrical Triangle

 Original Post from My Stocks Investing Journey.

The iShares Silver Trust is not a standard ETF. The Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. Before making an investment decision, you should carefully consider the risk factors and other information included in the prospectus.

http://us.ishares.com/product_info/fund/overview/SLV.htm