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New Target for SLV

iShares Silver Trust (NYSE: SLV ) - This investment reflects the price of silver owned by the trust, less the trust's expenses and liabilities. The fund constitutes a simple and cost-effective means of owning silver since the trust holds physical silver bullion.

For two months, silver has been consolidating, but on July 13, it successfully attacked its 50-day moving average, gapping through it and therefore successfully establishing a double-bottom with a new target of $46.

Trade of the Day - iShares Silver Trust (NYSE:SLV) Trade of the Day Chart Key

See Sam Collins' Daily Market Outlook: Wait to Buy After a Rally See Serge Berger's Daily Market Outlook: Why Investors May Want to Expect the Unexpected Rally See Serge Berger's Trade of the Day: Retail Stock About to Fall Out of Fashion

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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