BATS:SLV   iShares Silver Trust
0
Around 25.58, there is a strong support that has been tested several times. At 34.00, what was a support in the beginning of 2011 is now a resistance. Moreover, a complex reverse head and shoulders is in formation. (Two left shoulders and the head are highlighted).

In short, it looks like a good buy around the price level of the past shoulders (27.50) and a good point to sell near the resistance of 34.00.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.