Bullish Moving Average Cross by iShares Silver Trust (SLV)
Today, shares of iShares Silver Trust (AMEX:SLV) have advanced above their 10-day MA of $16.42 on a volume of 2.4 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
iShares Silver Trust share prices have moved between a 52-week high of $17.09 and a 52-week low of $13.04 and are now trading 27% above that low price at $16.52 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.3%.
SmarTrend recommended that subscribers consider buying shares of iShares Silver Trust on February 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.60. Since that recommendation, shares of iShares Silver Trust have risen 11.5%. We continue to monitor SLV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:slv ishares silver trust