SLV Nearing Downtrend Line

SLV has come off of a bottom and is trending toward the long line of resistance that began with a top on April of 2011. I expect this downtrend line to initially stall SLV. After the price point moves above the trendline, the April 2013 pivot low of 25.17 should get filled.

SLV-2014-02-21_104616

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