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New Highs for Silver ETF

By Gary Morrow

 About this article:
 The iShares Siver Trust ETF is up over 5% today, with the help of a big surge in volume. The index is now well into new high territory after taking out multiweek October highs near $17.60. The SLV began the day with a powerful breakaway gap higher open and has continued to work higher throughout the day. Volume is running near double the index's daily average and will close out the day as one of the heaviest positive days this year. That's quite impressive considering that the SLV has gained 50% since the July lows and is still attracting a great deal of interest. SLV Daily (NYSE) iShares Silver Trust TradeStation The setup for the SLV's big upside move today began earlier this month. A few days after finding support near the $16.00 area, the index...

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