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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.


Daily Silver Chart

click for ginormous graph


Silver 30 Minute Chart (2 Weeks)


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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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