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Silver Watch



February 09, 2011 – Comments (0)

Silver Wheaton Corp.(NYSE:SLW) is a leading worldwide silver streaming company. This stock will usually trade higher when silver the commodity trades higher. Silver Wheaton stock is coming under slight pressure today as the stock has faded from its intra-day high. Traders can watch the $34.82 area for short term intra-day support. This is an area where scalp traders can expect a small intra-day bounce for a day trade to the long side. 

The i-Shares Silver Trust ETF(NYSE:SLV) is trading slightly higher today by 0.04 cents to $29.68 a share. The SLV will have short term intra-day support around the $29.40 area. Scalp traders can watch this level for a small intra-day bounce.

Nicholas Santiago

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