CFD Trading – Sell iShares Silver Trust (SLV.NYS) @ $16.85. Stop @ $17.95 and Target @ $14.20.

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.


$16.85                Sell

$14.20                Price Target

$17.95                Risk Management Stop

3 weeks              Trade Duration

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