Silver did not realized my bearish scenario and instead of this it did bullish breakout. You can see situation on chart below.

Current technical view is bullish and if silver ETF will make pullback to 14.80 – 15.30 area it can be used as good buying area  with possible targets near 18.

This entry was posted on Tuesday, September 22nd, 2009 at 10:45 am and is filed under ETF analysis, ETF trade setup, Stock chart analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.