Silver ETF SLV 01-17-10

January 17, 2010

Silver is currently in an uptrend, but there is currently downside pressure being applied to price on the daily chart.  For price to start a move down price would have to go through 17.78 and then the first price objective would be 17.11.  these prices might vary a littl from those on the attaced chart due to chart compression.  There is still a long term price target at 19.63. 

This is a test post to see how things work with this new format.  Learning my way around Word Press.