Bearish Wedge in Silver – Likely to See $22

I’ve been bullish on commodities of late, but the recent action in iShares Silver (SLV) where a strong bearish wedge has confirmed to the downside, makes it more than likely that ETF will see $22 in the short-term. 

So hold off on adding any new positions in this stock. 

Here’s the technical analysis for SLV: 

 

SOURCE: Stocking Silver