• Return to Headlines

Look for Shares of iShares Silver Trust to Potentially Rebound after Yesterday's 1.09% Sell Off

By Shiri Gupta

iShares Silver Trust (AMEX:SLV) traded in a range yesterday that spanned from a low of $17.12 to a high of $17.44. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $17.28 on volume of 8.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of iShares Silver Trust have traded between a low of $13.04 and a high of $19.71 and are now at $17.27, which is 32% 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 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: rebounders amex:slv ishares silver trust

Ticker(s): SLV