PPR - SLV 10/30/13

Published : October 30 2013 at 22:00 ET

Ishares Silver Trust (SLV) had a pocket pivot despite selling off shortly after the announcement from the Fed hit the newswires. It was a midbar close but could be a sign that full throttle QE will weaken the dollar below its critical support levels at 78 and change, and thus spur higher prices in precious metals, much as occurred the last time the dollar broke important support levels in 2011.

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