Home > stock charts, Stock Market, technical analysis > SLW nearing channel support

SLW nearing channel support

Silver looks like it may be putting in a top, but some of its miners are nearing support.  SLW is perhaps the best-known  equity proxy for silver – as a mining “streamer” it is a pure play on the price of silver.  It has consolidated during silver’s latest run higher, and is now nearing channel support that has been in place for nearly 2 years.

I don’t know if I’m ballsy enough to buy here, given that silver may be ready to violently sell off, but it’s certainly worth noting and keeping an eye on.

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