It is interesting to see Silver attracting money, but SLW not been able to push through its 50MA.
I suspect that if the price of silver continues to increase, we will see a break-out of SLW above its 50MA on strong volume.
That will be a buy signal for the whole sector. Of course, there is still a strong resistance around $39 and $40.
Anyway, on todays gold/silver price reversals, AGQ and UGL look interesting.
Pascal
Reply With Quote