SLV : Week Ending 30/6/12

Maintaining a bearish intermediate view
But current smaller wave looks pretty extended.
A correction maybe imminent
Further downside paused for the moment.
Prices still below moving averages.
Hovering just below $28 support line.
With Dow possibly making another push
May coincide with the stall for SLV in the down side.

Risk Management :
$32 stop

Stochs/price bullish divergence......