SLW bouncing at support?

I had been in the precious metal miners last month, then sold most of my holdings a few weeks ago.  The time may be ripe to re-enter.  SLW is my preferred play since silver tends to be more volatile than gold, and miners more volatile than the hard asset itself.  In other words, I feel like its a more leveraged play on the potential rise in precious metals prices.  After breaking above resistance last month, SLW has pulled back to technical support from both is 50 day SMA and a rising trendline.   This strikes me as a good spot to re-enter SLW.


  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: