BUY! i Shares Silver Trust (SLV) NYSE

  Report No. 2425    Analysis by: Harry Aloof     SEPTEMBER 5, 2011

I SHARES SILVER TRUST (SLV-NYSE): Technical Viewpoint: From a low of $36.04 on Aug 9, 2011 prices rallied, reaching a high of $42.78 on Aug 22, 2011. A decline saw prices pull back, reaching a low of $38.05 on Aug 24, 2011. Another rally saw prices penetrate resistance, closing 9/9/11 at $42.18. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 2, 2011 when the solid line crossed the dotted line to the upside. Support: Remains at $40.75. Resistance: Is at $42.78. Point & Figure: Reversed to the upside on Sep 2, 2011. A P&F upside reversal takes place at $40.00. Summary: Technical indicators have turned bullish. BUY! i Shares Silver Trust (SLV-NYSE) @ $42.38 Stop: Use a protective stop of $40.38. i Shares Silver Trust is currently trading @ $42.18 plus $1.66 on Sep 2, 2011. Price Objective: $58.00. Risk/Reward: $2.00 VS. $15.62. Today's Risk Reward Ratio: 8:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$58.00 Risk/Reward:
$2.00 VS. $15.62 Risk/Reward Ratio:
8:1
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