iShares Silver Trust Stock Code SLV.NYS
Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Price also broke below the inverted V-shaped Ichimoku price structure, hinting at a price target at $14.20. Conversion and Base lines remained in a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD remains bullish but a bearish crossover is hinting at a bearish price trend. We think price is likely to move lower to the Ichimoku V-shaped price projection at $14.20 in the next 2-3 weeks.
$14.20 Price Target
$17.95 Risk Management Stop
3 weeks Trade Duration