December 15, 2015

SLV: Silver technical analysis charts

On Monday, compared to Wednesday, price action opened lower (13.91, vs

Wednesday's close of 14.19), saw a lower high (13.91, vs Wednesday's high of

14.34) and lower low (13.64, vs Wednesday's low of 14.11); and closed lower

(13.67, vs Wednesday's close of 14.19). The day's range was 27 ticks.

On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action fell

towards the bottom of the 20 day moving average envelope (14.27). The

parameters of the envelope (13.84-14.70) are pointing lower.

The RSI (35.88) below is in neutral mode between the key 20 (oversold) and 80

(overbought) levels.

December 15, 2015

The MACD 12 day moving average is above the MACD 26 day moving average;

both are above zero and falling.

The Slow Stochastics, below, are in positive mode, with the K line above the D

line.

The Commodity Channel Index (-140.35), below, is in negative mode below the

overbought 200 level.

On the DAILY BOLLINGER BANDS CHART below, Monday represents the 1st

consecutive entire day below the middle of the Bollinger Band envelope (14.27).

The Bollinger Bands (13.53-15.01) are converging; and narrowed from a width of

176 ticks on Wednesday to a width of 148 ticks on Monday.

December 15, 2015

On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving

average (14.11, moving down) is below the 20 day moving average (14.27, moving

down); in negative mode. The 3-50 day strip of moving averages ranges from the

5 day moving average (14.11) at the bottom of the range to the 40 day moving

average (14.75) at the top of the range.

The Parabolic Stop and Reverse (14.56) below is in the 1st day of buy mode.

December 15, 2015

On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 8th

consecutive close below the middle of the Bollinger Bands envelope (14.79). The

Bollinger Bands (13.58-16.00) are pointing lower; expanding from a width of 232

ticks on Wednesday to a width of 242 ticks on Monday.