Subject:Silver Market Update
By: Clive Maund
Overview: Silver has behaved pretty much as forecast in the last update posted late in April, entering into a fairly vigorous uptrend that has taken it up to our minimum target at the strong resistance at and above $16. It even paused and reacted at the $14.30 area as predicted. Last week, however, it showed signs of serious technical deterioration, so that even though it is still just within the uptrend, it is thought likely that it will soon break down into a reactive phase, and as silver has a habit of going down one helluva lot faster than it goes up, experienced traders will know what that means.
Link: http://news.silverseek.com/CliveMaund/1244406467.php
7th June 2009, 16:27
Silver Market Update
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