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5/26/2015: The iShares Silver Trust SLV (NYSEArca: SLV), is up 1.94%
Earlier this month, the shares gapped sharply higher, rising atop the 200-day moving average for the first time since August, 2014.
The ensuing pullback has been orderly, punctuated by decreased volume, placing the shares at an attractive entry near the breakout point. Deeper support rests at the bottom of the gap, just above $16, and silver’s recovery attempt is intact barring a violation.