IShares Silver Trust (SLV) : Buy @ $3048
Regarding technical indicators, the daily RSI is reversing up from a strong support area while the daily MACD is facing a support level. The 50D moving average (blue line) is still rising and maintains upward momentum.
On a relative basis against the IVV S&P500, the iShares Silver Trust is facing its 50% Fibonacci retracement and looks set for a rebound.
Buy @ $30.48 – Stop loss @ $29.50 – Target @ $34.15
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