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Silver Is Starting to Shine - Get a Polishing Cloth and Buy on Strength

Bruce Kamich

In this daily bar chart of SLV, below, we can see that prices made a bottom back in September-November, followed by a rally into February and a retest in May. This month saw SLV rally above the rising 50-day moving average line as well as the now bullish 200-day line. Notice the rising On-Balance-Volume (OBV) line from November to June? Prices are now above the bottoming 40-week moving average line.