SLV Forecast 3/1/16

201603.01
Off
4

 

The Silver Tracking Instrument (NYSE:SLV) has been attracting a lot of attention since gold’s recent price move to the upside. Silver also is a viable tool to use as a hedge against economic disaster, inflation, etc…However, it is a bit different from gold because if its industrial usage. We have put a green box on the chart to use as an “accumulation zone” and will expect price to pullback, then rally again in the weeks and months to come.