SLV Forecast 3/22/16

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The iShares Silver Trust (NYSE:SLV) has rallied up to test the highs as we forecasted. Bullish power has fallen off sharply, and if profits are not taken at this point, we expect to see this market chop back down significantly in the weeks to come as it digests its new uptrend. To be clear, our long term outlook for silver is still bullish…This lack of bullish energy in the last week simply offers up a chance to take down some of the profits from our two successful precious metal predictions.