Here is the iShares Silver Trust (SLV). Silver made an all time-high of $38 on Thursday, 24 March 2011.
The daily candlestick pattern formed at the end of the day was a bearish dark cloud cover pattern with huge volume. I will look to short Silver via the short silver ETF (ZSL). This is a simple trade. Determine your stop loss which will be at the high of the day and then average in to your stop loss point. Late bulls will attempt to push the price action close to the all-time high which is why i will average into my stop loss price.
The daily candlestick pattern formed at the end of the day was a bearish dark cloud cover pattern with huge volume. I will look to short Silver via the short silver ETF (ZSL). This is a simple trade. Determine your stop loss which will be at the high of the day and then average in to your stop loss point. Late bulls will attempt to push the price action close to the all-time high which is why i will average into my stop loss price.
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