Technical view, no QE speculations.
SLV has reached:
200 DMA;
resistance at 18.685;
61.8 retracement of last downleg.
Downtrend is still intact, 200 dma still falling.
Enough to enter short for pullback to 16 level, where could be decided if trend will proceed or reverse, but under yearly pivot the odds favor downtrend.
SLV has reached:
200 DMA;
resistance at 18.685;
61.8 retracement of last downleg.
Downtrend is still intact, 200 dma still falling.
Enough to enter short for pullback to 16 level, where could be decided if trend will proceed or reverse, but under yearly pivot the odds favor downtrend.