SLV has tried to break the long term resistance line (Red) at the end of May,but failed, which resulted in a fake move and trapped a lot of bulls above the $15 level (red circle). Now, the $14.5 level on SLV is where the long and short term resistance meet. This will be a major test for Silver ! Either way,depending on how SLV reacts as it appraoches $14.5 will produce a violent move (up or down) ?. I believe that it will be down...
Here are your weapons: ZSL (Double short SLV) (AGQ Double long SLV)
SLV : iShares Silver Trust
