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TFC Commodity Trading Forum

Silver Stays Hot

This morning the iShares Silver Trust(NYSE:SLV) is trading higher by 0.21 cents to $28.51 a share. The SLV has bounced sharply higher over the past five trading sessions. Intra-day the SLV will have some minor resistance around the $28.65 area. The next important intra-day resistance area for SLV will be around the $28.80 level. As long as central banks around the world continue to create cash reserves at an alarming rate silver should hold up.

Nicholas Santiago