Chartology: Silver (SLV) Breakout

Andrew Nyquist

Stock ChartsSilver (SLV) rocketed higher pushing to the 30.75 resistance level that I mentioned in my previous technical update. However, considering the way it burst higher, there is a good chance it may look to extend gains a bit further before consolidating/pulling back.

See daily short and intermediate term charts below, as well as a long term chart with trend line.

More charts found here.

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Silver iShares (SLV) charts with technical analysis overlay as of August 31, 2012.  SLV Price support and resistance levels with technical analysis. SLV chart with trend lines and technical support levels. Silver – precious metals. 

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