Trade Alert: SLV

We want to take another bite out of silver by shorting SLV again on it's recent strength. You can see in the daily chart the index slam down to the 100 dma at around 160 and retrace to near the 50 dma under 180. All this going on as the volume is tapering off. It could be a nice set up. With the stochastic over 50 and rising SLV could turn right on it's 59 dma @ 180 and that is what we will be looking for.