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]
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Silver 30 Minute Chart (2 Weeks)
[2]
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URLs in this post:
[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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