Silver ETF Top

Published 2 May, 2011, 07:10, CEST+1 | By the trader

Silver ETF is collapsing today. The huge vol, accompanied with the volume surge lately, is telling us a big short term top could be forming. The parabolic trend is getting exhausted, and will bring Silver to the first support around 42 Usd. Let’s see if that level holds. Many “new” investors are very lost in the Silver trade that was supposed to only go up….