Silver Market Update

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Subject:Silver Market Update
By: Clive Maund

Overview: Silver’s attempt early last month to break out above its highs of last year is not regarded as a failed breakout, but rather as a preliminary breakout. The reaction since that time has completely neutralized the overbought condition and brought Stochastics back close to their normal oversold limit, as shown on the 6-month chart presented here, and brought it back to a zone of support at the top of the late September - early October trading range, so that the reactive phase is now believed to be close to complete.

Link: http://news.silverseek.com/CliveMaund/1196668740.php