Silver is holding nice thus far. If we take yesterdays low of $17.79 and Tuesdays high of $18.23 we can get a difference of 44 cents. 1.1618 x 0.44 is 71 cents, and in this fibonacci upside gives us a target of $18.50 SLV on an upside move. SLV has not been that high since June 28 and would still be in the range if it goes that high.
ARTICLES
Silver, Two of Seven
As a general rule, the most successful man in life is the man who has the best information
In the time of the ancient Babylonians - long before the periodic table - there were seven sacred metals: gold, silver, copper, iron, tin, lead and mercury.
In Roman and Greek Mythology, the First Age was called Golden, the Second Age Silver. Apollo, the god of truth and light, and teacher of medicine, carried a silver bow...
Investing In Silver Coins, Silver Futures And Silver Stocks!
Silver vs Gold? What is better as an investment. Many people are obviously going to say gold. But, to tell you the truth silver prices are expected to skyrocket three times more fast as compared to gold in this decade. The reason is simple! Silver has far more industrial uses as compared to gold...
Silver Wheaton Call Options Move Up Today
As you know on the 29th May 2010 we purchased some Silver Wheaton (SLW) Call Options which are the September 2010 series, with a strike price of $21.00 and we paid $1.30 per contract for them. On Friday, 2nd July 2010 we decided to take advantage of a dip and so we doubled our position for a cost of $0.95, reducing our average price to $1.12...
This is Silver Wheaton's (SLW)daily chart which has seen a great percentage gain higher from the bottom. Is it up too much? At some point it will be and to determine a number value for this is hard to say. There can be many retracements along the way as it has managed to get back to its pre market collapse levels making new highs. Because it has been testing key resistance and holding well, another market surge to the upside would not be surprise to levels approaching even post $30.00 per share. Have a great day
EndlessMountain
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