Silver Into Key Support: On Watch For Bounce

Silver has fallen sharply of late. The iShares Silver Trust (NYSEARCA:SLV) today is trading at $17.88 -0.36 (-2.00%). While the metal appears to be very weak, chart analysis shows support right here. A bounce is likely for the next few weeks. An interesting note is that the Federal Reserve meets next week to decide their next policy shift. This could be the catalyst to a silver and gold bounce. The iShares Silver Trust maybe be the best way to play the metal.


Gareth Soloway
InTheMoneyStocks.com