The iShares Silver Trust(NYSE:SLV) has rallied after a gap lower open. Since late August the SLV has surged higher by over 30.0 percent. This is huge move in the ETF in such a short period of time. Remember the more that quantitative easing is talked about or done by the central banks the higher SLV will trade. Intra-day the SLV will have short term resistance around the $24.00 area.
The SPDR Gold Shares(NYSE:GLD) have traded in a similar manner to the SLV. However, the GLD has rallied higher by 20.00 percent since late July. Therefore, while the both the GLD and SLV have traded sharply higher the SLV has outpaced the GLD by 10.0 percent.
