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Ugly Chart of the Day: Silver

Posted By Barry Ritholtz On May 12, 2011 @ 1:39 pm In Gold & Precious Metals,Technical Analysis | Comments Disabled

Fascinating pair of charts showing the carnage in Silver via SLV.

If the $35.76 level is not retaken, and relatively soon, its lights out for the poor man’s Gold. That could bode poorly for the shiny yellow metal as well.

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Daily Silver Chart

click for ginormous graph
[1]

>

Silver 30 Minute Chart (2 Weeks)

[2]


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URL to article: http://www.ritholtz.com/blog/2011/05/ugly-chart-of-the-daysilver/

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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/05/SLV-Daily2.png

[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/05/SLV-30minute-2-week-chart.png

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