SLV Signals Key Downward Trend with Critical Moving Average Crossunder

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iShares Silver Trust ETF (SLV) Dips Below Key Moving Average

Shares Slide as Market Interest Wanes

On Monday, shares of the iShares Silver Trust ETF (Symbol: SLV) fell below their 200-day moving average of $27.18. The stock traded as low as $26.95 per share, marking a decrease of approximately 1.6% for the day. The accompanying chart illustrates the one-year performance of SLV in comparison to its 200-day moving average:

iShares Silver Trust 200 Day Moving Average Chart

According to the chart, the lowest point for SLV in the past year was $20.07 per share, while its highest was $31.80. As it stands now, the latest trade recorded is at $27.02.

Click here to see which other ETFs have recently fallen below their 200-day moving average »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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