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Silver Market Update



By: Clive Maund


-- Posted 20 October, 2004 | | Source: SilverSeek.com



Silver behaved as predicted, backing off sharply to test support in the high $6ís, and is now well placed to advance strongly in the event of the dollar going into an accelerating decline and gold breaking out above $430, both of which could now happen quickly. Once it is established above $7 to the extent that the $7 level can be relied upon to provide strong support, a rapid and substantial advance will become increasingly likely.

 

Silver needs to remain above its parabolic uptrend line shown on the 2-year chart to maintain the bullish outlook.

 

-- Posted 20 October, 2004 | |


Web-Site: www.clivemaund.com
Contact Clive Maund - clive.maund@t-online.de

Last Three Articles by Clive Maund


Silver Market Update
5 December, 2011

Silver Market Update
20 November, 2011

Silver Market Update
7 November, 2011

Clive Maund - Archive List

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