The price for the
Silver ETF(
SLV) dropped sharply
this afternoon on insane volume. The ETF traded 145 million shares
today. Over the summer, the daily volume was often around 5
million.
SLV showing divergence on OBV line. Horizontal line on volume
bars indicate level of 185% avg vol (today 187%). Of the 4
indicated >185% down days only the first one had an OBV
divergence and it was followed by a 10% pullback
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From Nov 9, 2010...
this ought to slow down Silver
Posted by jtverr on 24th of Mar 2011 at 03:17 pm
Since then, Silver is up 42%. Proved to be a great buying op!!!!!!!
Silver Margin Raised
ZeroHedge reports that the CME has raised the margin requirementfor silver from $5,000 to $6,500.
The price for the Silver ETF( SLV) dropped sharply this afternoon on insane volume. The ETF traded 145 million shares today. Over the summer, the daily volume was often around 5 million.
SLV showing divergence on OBV
Posted by bkout3 on 24th of Mar 2011 at 04:56 pm
SLV showing divergence on OBV line. Horizontal line on volume bars indicate level of 185% avg vol (today 187%). Of the 4 indicated >185% down days only the first one had an OBV divergence and it was followed by a 10% pullback