Market Curiosity: Exploring Markets And Systems

January 20, 2011

Seems like SLW leads silver intra day too

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 1:27 pm

Referencing Apparently silver stocks (SLW mainly) must lead silver on the daily timeframe.

A) Silver is dropping and SLW is not (except marginally). As soon as that decline is over, silver has a decent rally. But silver’s rise and SLW’s rise seems to be in sync.
B) SLW rose a fair amount, yet silver took a while to start rising.

And because silver did not make a new high past the recent high associated with divergence A, silver is still weak. Will be interesting to see what happens in the next few days.

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