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Trade of the Day iShares Silver Trust (NYSE: 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.

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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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