iShares Silver Trust (ETF) (SLV)

synergize (99.41) Submitted: 5/15/08 11:12 AM : Start Price: $16.76 SLV Score: 6.14

Gold and silver will advance in the absence of bad news, due to more fundamental forces of inflation and
production, and impact of inflation on production.

So let’s get technical. There was massive sell-off on the week beginning 17-March-2008 but recently it is recognizing support near 165. It has more bullish candlesticks which makes me think that there are more buyers trying to push the stock up. A conservative entry might be to wait for another pullback above 160.

This ETF has outperformed every other ETF focused on metals during the first quarter of 2008. And in fact, it was one of the top-performing ETFs across the entire market.

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