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Alert: Silver Squeezes

Posted, by inthemoneystocks on February 18th, 2011

The commodity silver is surging today, making new 52 highs. Not only is silver a store of value during inflationary times, but more importantly, it is used in many products and the production of products. Therefore, it makes sense that it is running higher ahead of gold due to the solid economic outlook. The iShares Silver Trust (ETF) (NYSE:SLV) is jumping, hitting a new 52 week high at $32.08. This chart is extremely extended and could see a solid pull back.

Authored by, inthemoneystocks
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Tickers:
SLV
Tags:
, Stocks, commodity, SLV
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