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iShares Silver Trust Bullish Moving Average Crossover Alert (SLV)

By David Diaz

Today, shares of iShares Silver Trust (AMEX:SLV) have advanced above their 10-day MA of $15.43 on a volume of 4.3 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.

In the past 52 weeks, iShares Silver Trust share prices have been bracketed by a low of $13.04 and a high of $17.09 and are now at $15.60, 20% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.1%.

SmarTrend is monitoring the recent change of momentum in iShares Silver Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Silver Trust in search of a potential trend change.

Keywords: moving crosses amex:slv ishares silver trust

Ticker(s): SLV