Silver (SLV) rocketed higher pushing to the 30.75 resistance level that I mentioned in my previous technical update. However, considering the way it burst higher, there is a good chance it may look to extend gains a bit further before consolidating/pulling back.
See daily short and intermediate term charts below, as well as a long term chart with trend line.
More charts found here.
Silver iShares (SLV) charts with technical analysis overlay as of August 31, 2012. Â SLV Price support and resistance levels with technical analysis. SLV chart with trend lines and technical support levels. Silver – precious metals.Â
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