Market Overview

Shares of SLV Up 7.3% Since Uptrend Call on Shares

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for iShares Silver Trust (AMEX: SLV) on May 25, 2011 at $36.66. In approximately 2 months, iShares Silver Trust has returned 7.3% as of today's recent price of $39.32.

In the past 52 weeks, shares of iShares Silver Trust have traded between a low of $17.06 and a high of $48.35 and are now at $39.32, which is 130% above that low price.

iShares Silver Trust is currently above its 50-day moving average of $35.44 and above its 200-day moving average of $32.07. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 0.96% while the 200-day MA has risen 1.33%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of iShares Silver Trust shares.

Write to Chip Brian at cbrian@mysmartrend.com

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