NASDAQ:SLVR - Nasdaq - US85208P8730 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to SLVR. In the last year, SLVR was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, SLVR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 23.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SLVR in the last couple of days, which is a good sign.
22.27
2 important support areas can be observed.
We found 1 important resistance area.
24.16
+0.41 (+1.73%)