Silver's (SLV) Nine Lives
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iShares Silver Trust (NYSE: SLV) moved higher again Tuesday, gaining 1.75 percent intraday. At $32.30 per ounce, the price of spot silver reached its highest level since April. The move is being driven by increased demand from investors hoping Fed easing will continue to give precious metals a boost. In the past 30 days, iShares Silver Trust (NYSE: SLV) has gained over 16 percent. A few traders have commented on silver's ballistic rise after breaking key technical resistance levels at $28.50 and $30. They also noted that silver may continue to trade on technicals, testing highs near term and consolidating below $33 if resistance holds.
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