The largest and most liquid silver ETF is the iShares Silver Trust (NYSE: SLV).
The hourly chart of SLV is set up the same way as the hourly GLD chart.
These bands are also helpful in trending markets, though SLV is not the best example.
Check out the GLD and SLV the day after the election to see what happens.
Traders can consider short selling gold ETF (GLD), silver ETF (SLV), and miner ETF (GDX).
Investors who are leery of SLV should look into the Sprott Physical Silver Trust (NYSE: PSLV).
The May 3 highs exceeded the prior highs, while the ensuing drop took SLV below five-week support.
Again, a pullback is probably the best way to participate in any continued upward progress in SLV.
Gold via the GLD is up 3.3% for the week, silver via the SLV is up 9.3%.
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Nearly 400, 000 option contracts have changed hands on the SLV as of 1:15 pm in New York.
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It has been the most logical fundamental case for SPDR Gold Shares GLD and iShares Silver Trust SLV.
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Below is a chart of gold and silver prices as tracked by their respective ETFs, GLD and SLV.
Gold (GLD) and Silver (SLV) made a huge run in anticipation of and then in response to QE3.
On May 3, SLV closed above the Bollinger bands, and then two days later, closed below them (point 1).
Tickers of interest include SLW, AEM, NEM, ABX, GG, SSRI, CDE, AG, HL, GDX, GDXJ, ZSL, SLV, and GLD.
You can invest through the GLD, GDX, GDXJ, or SLV exchange traded funds.
Popular ETFs SPDR Gold Shares (GLD) and iShares Silver Trust (SLV) followed.
There are concerns, however, about the structure of SLV and how much physical silver it actually has in its vaults.
An interesting divergence yesterday occurred as markets pulled in and SPDR Gold (GLD) and iShares Silver (SLV) acted well.
For those who bought the breakout, the next seven days were painful, as SLV dropped over 12% during that time.
If the Fed fails to meet those expectations, its possible we could get a significant sell-off in GLD and SLV.
Even if SLV were to correct further, the intermediate-term outlook is quite positive and shows no signs of a top.
Just six days later, SLV again closed above the Bollinger bands, point 2, as SLV made new highs for the year.
In one day the SPDR Gold Trust ETF ( GLD) dropped 5.3% and the iShares Silver Trust ( SLV) lost 6.4%.
The technical outlook for the iShares Silver Trust ( SLV) is quite different, as it actually closed a bit lower on Friday.
The silver ETF ( SLV) finally triggered and lead the way higher.
Among the precious metals, Gold (NYSE:GLD) is a little stronger than Silver (NYSE:SLV), which sits precariously on an island after recent weakness.
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Band width finally broke out to the upside on September 7 after SLV had closed for three consecutive days above the Bollinger bands.
Investors have been taking heed, noting the recent strength in the ETFs that track gold and silver like the GLD, IAU and SLV.
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The daily chart of the iShares Silver Trust ( SLV) shows a triangle formation (lines a and b), which is a classic continuation pattern.
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