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Where is Silvers bottom?

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How low before we hit bottom?

$30
10
38%
$25
12
46%
$20
1
4%
Less than $20
3
12%
 
Total votes : 26

Where is Silvers bottom?

Postby slickeast » Thu May 05, 2011 7:10 pm

When will it stop? What will the low be on this dip?
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Re: Where is Silvers bottom?

Postby Country » Thu May 05, 2011 7:22 pm

Although SILVER is at the 100-day moving average right now, after we get a good bounce to relieve the oversold condition, we will have some more downside pressure. I think SILVER could test the 200-day average around $28 sometime this summer. There's a lot of cross currents right now. Too hard to get a good feel currently.
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Re: Where is Silvers bottom?

Postby Investin Cents » Thu May 05, 2011 8:20 pm

Wow. Not a poll option above $30 huh? So this combined with yours and Country's comments mean "wait for it to hit $30" huh??? :?
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Re: Where is Silvers bottom?

Postby fb101 » Thu May 05, 2011 8:36 pm

I second Country. we get a bounce back near the 50day ma around 35 and another leg down to about 27. I consider we could go as low as 22, but I don't expect it. - There is also Strong support at 30 so we could hold there and put in a double bottom.
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