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Nathaniel Matherson
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I'm an active investor and trader with 4 years experience. I use a combination of Fundamental and Technical Analysis. I live in the Bay Area, California but attend college at the University of Delaware. I grew up in the Bay Area in California about 45 minutes from San Francisco. This year I... More
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  • Silver At A Key Area 0 comments
    Feb 6, 2013 8:58 AM | about stocks: SLV

    On Tuesday, the SLV closed at $30.76 which is just above the 50 day moving average at $30.74. Shares once again traded up to trend line resistance before falling back. Around the same level, shares found resistance at the top of the cloud. The SLV remains in the cloud, looking for direction. The RSI is coiling and ready to move. I believe we are at a breaking point right now! A move above the trend line would take us to about $32.00. Another move below the cloud should take us to the long term trend line resistance. Good luck to all!

    (click to enlarge)

    Disclosure: I am long SLV.

    Themes: silver Stocks: SLV
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