![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghdRNIuG6qijcXb437mv3pLg4qqBSzR2VfHnZJ2WKOHGLstBvDUCrTmqXnWtO-7sfuffAMS4XeJROvqTGMJ2WgFB_g4WLxg3skoJEseKKHoL7KwEt_WCVIaib9gYClEqndf0ilgHHZgxFO/s400/big.gif)
After the most recent carnage suffered by silver you can see that PSLV is basing between $13 and $16. notice that tight little triangle that formed in the past 10 trading days or so. When stocks break from a triangle pattern they usually have a nice pop to them. I don't usually guess, but since silver has declined so dramatically recently I think the resistance is down. So, take a full position of P SLV at $15.11. I'll post the stop later.
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