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iShares Silver Trust - SLV at Trader’s Narrative

iShares Silver Trust - SLV

The iShares Silver Trust gapped up this morning but otherwise, it was trading in a normal fashion with no crazy volume :

SLV 15 min chart.png

Not seeing a fast market, I had no reason to drill down to a smaller time frame. So I stuck with the familiar 15 minute chart and found the morning tape settling into a tight range.

Just after 10:30 am price broke out of the range and traded higher on normal volume. There is something to be said for these higher priced stocks. Especially when they trend like this ;)

Curiously, the last time I spoke about SLV, was quite cynically and as karma would have it, that marked its swing low.

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