Silver ETF (SLV) Continues Descent Within Falling Channels After Testing Dual Resistance on Weekly Chart - UPDATE 1/9/16

UPDATE 1/10/16:

click chart to enlarge

ORIGINAL CHART:

click chart to enlarge

The weekly chart above shows that Silver ETF (SLV) recent tested dual resistance lines before continuing its decent within two falling channels/wedges (one within another).


Please remember that this is not investment advice. You alone are responsible for your investment decisions. See disclaimers below and elsewhere on this website.

Not Investment Advice | Important Disclaimer: 

The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers  for junkbondrecycling.com in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

Financial Disclosure:
The author/publisher has no position (long or short) in silver at the time this article was written. This position may change depending on future price action.

Base Chart Provided Courtesy of StockCharts.com.  Analysis and Annotation by JunkBond Recycling.com (all rights reserved)