Silver Watch: SLW, SLV

Silver Wheaton Corp. (NYSE:SLW) is a leading worldwide silver streaming company. This stock will usually trade higher when silver the commodity trades higher. Silver Wheaton stock is coming under slight pressure today as the stock has faded from it’s intra-day high. Traders can watch the $34.82 area for short term intra-day support. This is an area where scalp traders can look for small intra-day bounce.

The i-Shares Silver Trust ETF (NYSE:SLV) is trading slightly higher today by 0.04 cents to $29.68 a share. The SLV will have short term intra-day support around the $29.40 area. Scalp traders can watch this level for a small intra-day bounce.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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