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Ishares Silver Trust $SLV Technical Update

Jul 08, 2019 (Stock Traders Daily via COMTEX) --

The Ishares Silver Trust (NYSE: SLV) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for SLV, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Technical Summary

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 14.33 13.52 13.26
P2 14.05 14.22
P3 0 14.61 15.19

Long Term Trading Plans for SLV

July 8, 2019, 12:45 pm ET

The Technical Summary and Trading Plans for SLV help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SLV Report.

SLV - (Long) Support Plan

The technical summary data tells us to buy SLV near 13.26 with an upside target of 14.22. This data also tells us to set a stop loss @ 13 to protect against excessive loss in case the stock begins to move against the trade. 13.26 is the first level of support below 14.085 , and by rule, any test of support is a buy signal. In this case, support 13.26 would be being tested, so a buy signal would exist.

SLV - (Short) Resistance Plan

The technical summary data is suggesting a short of SLV as it gets near 14.22 with a downside target of 13.26. We should have a stop loss in place at 14.48 though. 14.22 is the first level of resistance above 14.085, and by rule, any test of resistance is a short signal. In this case, if resistance 14.22 is being tested, so a short signal would exist.

SLV Long Term Analysis

SLV Dividend Chart

SLV PE chart

SLV PEG chart

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