I noticed yesterday some price action in the silver market that was like a breath of fresh air ... buyers without the hammer coming into the markets
to push it back down. however, if you didn't buy at 26.87 or lower - then stay out of the markets until we break out to a new high. we are coming
into resistance which is always dicey. but the market is most definately reacting to action and the daily percentage gains is a welcome site. on the
other hand if you are in dollars - silver just got a little more expensive - but all is not lost - it could break down again and return to reasonable
levels - however, I do not think so. we are getting solid price action coming into the markets - if I was a betting man I would say - going up 65% and
going down 35% ... you will know its too late when It breaks the previous high as then it will almost be 100% up movement of major importance - so we
still have lots of resistance to plow through and it could retrace... just not very likely.
This content community relies on user-generated content from our member contributors. The opinions of our members are not those of site ownership who maintains strict editorial agnosticism and simply provides a collaborative venue for free expression.