SLV Next move, test of lows
Updated
Silver has been relatively tracking the S&P however there is a strong divergence now as money pours to stocks and silver is weak. On the closing basis, SLV failed a three day test of the low and is now destined for a retracement down to test the 3 week test of the low in a week or two. It's good to have some puts in the bank as this could get really ugly. Another Fed rate hike will hurt silver. But I see it at the end of the year at $32 with S&P at 3200
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