PPR - SLV Possible Pocket Pivot

Published : December 28 2010 at 12:23 ET

The iShares Silver Trust (SLV) is running about 5% above-average on today's trading volume, and if we exceeed the number of shares traded on December 10th at 30,601,959, as we see on the daily chart below, we would have a valid pocket pivot today. It is not clear, however, at just before mid-day today whether the move will sustain with respect to either price or volume. We do have a position in the SLV currently.

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