A low priority update on Silver Wheaton’s daily technical status. This post is not meant to call anyone to any sort of action. It is just noting some data points for those interested. As the year unfolds, these type of updates will be produced on occasion as I spot identifiable objectives on charts.
SLW has a very clear chart pattern and a short term target of 26.50, which is a measurement projected from the December low and the blue neckline. SLW is starting to get over bought and the next resistance level is just above. This is a bullish picture overall.
