Silver Wheaton:
Traded on the Toronto Stock Exchange. Proceeded upward without any interruptions starting in December 2009.
From $3.07 to $36.20, this positive trend was broken this month. Stock also broke 40 day moving average from $35 and closed at $31.34.
Previously: Precious metals lose luster.
Outlook:
Trades inversely to stability of Euro and macroeconomic forces. News of stability in Greece, for example, is negative for Silver Wheaton.
Analysis:
Bullish investors will step back into stock at prices above $35.
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