Here is an updated look at the Silver ETF – NYSEARCA: SLV – daily chart and the silver to gold ratio. The initial breakout in the daily chart of silver happened when silver cleared the 200 daily moving average (green line top chart.) At that point the price for the silver ETF or SLV, traded at 14.00. The second breakout occurred over 14.50, which was a weekly exponential moving average not shown here. The recent golden cross puts SLV in a bullish phase. The recent price action indicates price consolidation. The weekly chart’s next big area for this to clear is 15.40 or over the 200-week MA. So, where does that leave ... (full story)