iShares Silver Trust Bullish Moving Average Crossover Alert (SLV)
Today, shares of iShares Silver Trust (AMEX:SLV) have advanced above their 10-day MA of $18.86 on a volume of 2.9 million shares. Swing traders may find an opportunity 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 $19.45 and are now at $19.07, 46% above that low price. 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 June 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.53. Since that recommendation, shares of iShares Silver Trust have risen 12.9%. We continue to monitor SLV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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