Zacks’ Voice of the People Highlights user inthemoneystocks: “Silver & Gold In Play” from the People & Picks community.
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Silver & Gold In Play
This morning the iShares Silver Trust ETF (SLV) is trading higher by 0.12 cents to $30.08 a share. The SLV has been in rally mode for the past three weeks. The daily chart of the SLV remains above the daily 20 and 50 moving averages which put the SLV in a strong technical position. Traders can watch for intra-day resistance around the $30.40 level.
Gold is also trading higher this morning. The highly popular SPDR Gold Trust ETF (GLD) is trading higher by $1.02 to $132.99 a share. The GLD will have some minor daily chart resistance around the $134.00 level.
Most silver and gold mining stocks are rallying higher this morning. Silver Wheaton Corp. (SLW), Newmont Mining Corp. (NEM) and Agnico Eagle Mines Ltd. (AEM) are the leading gold and silver stocks today.
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AGNICO EAGLE (AEM): Free Stock Analysis Report
NEWMONT MINING (NEM): Free Stock Analysis Report
SILVER WHEATON (SLW): Free Stock Analysis Report
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