Silver Market Update - Some Encouraging Signs
Posted: Tue Jan 25, 2011 9:40 pm
Currently SILVER is at $27.61... Definitely, SILVER was OVERSOLD.
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Silver Market Update - Some Encouraging Signs
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Posted: Tue Jan 25, 2011 9:40 pmRe: Silver Market Update - Some Encouraging Signs
Posted: Wed Jan 26, 2011 4:38 pmNice positive reversal off of the $26.68 level for SILVER.
Currently SILVER is at $27.61... Definitely, SILVER was OVERSOLD.
Currently SILVER is at $27.61... Definitely, SILVER was OVERSOLD.
Re: Silver Market Update - Some Encouraging Signs
Posted: Wed Jan 26, 2011 6:59 pmwith the 200 day MA running about 22 or so, silver has risk to about 20.
Re: Silver Market Update - Some Encouraging Signs
Posted: Wed Jan 26, 2011 9:15 pmI was hoping for some more dip to go with some chips I am looking to get tomorrow, damn all you silver bulls! 
Re: Silver Market Update - Some Encouraging Signs
Posted: Fri Jan 28, 2011 5:18 pmrsi up to 47, we're now neutral.
this big rally today could set us up to break resistance of ~27.50(20 day MA).
most likely though we will rally up to that resistance and then have another 10% correction --
it looks like this 6 month rally for silver is coming to a close. It'd be very easy to fall back down to low 20's territory.
this big rally today could set us up to break resistance of ~27.50(20 day MA).
most likely though we will rally up to that resistance and then have another 10% correction --
it looks like this 6 month rally for silver is coming to a close. It'd be very easy to fall back down to low 20's territory.
Re: Silver Market Update - Some Encouraging Signs
Posted: Fri Jan 28, 2011 9:09 pmPossibly.... However, PMs are reacting to the possibility that Egyptian rioting will close the Suez Canal right now. For fundamental reasons, not chart technicals , they should move higher as long as an international crisis is unfolding.