Silver (SLV)–01-04-2011

January 4, 2011 · Filed Under Bearish, Swing Trades, Value · 1 Comment 

SLV Weekly Chart

Silver posts obviously always apply to SLV, AGQ, ZSL, and any of the various silver futures.  Gold and silver have been on a rampage lately and have accelerated over the past quarter and a half, as seen on the weekly chart above.  You’d be suicidal to go bearish now, but this could get interesting if it keeps brewing.  Hopefully the bulls will continue to run wild a little longer and we’ll get a nice crash sometime in 2011.