The Premier Silver Resource Website

Live Spot Silver
Silver Market Articles
Silver Discussions at the Forum
Silver Company Links
Silver Market Updates
Silver & Gold Headlines
Silver Stock News
Silver Equity Quotes
Silver & Precious Metals Quotes

Silver Market Update

By: Clive Maund

-- Posted 3 April, 2005 | | Source:

Silver rallied as expected last week from an oversold position, having first dropped back to the $6.85 area, but turned sharply lower on Friday. With a limited dollar rally to the 85 - 85.50 area now in prospect, it is likely to dip back to the $6.60 - $6.80 area over the short-term. As with gold, however, a break of the uptrend line going back nearly a year, will not be viewed as serious - especially because this is believed to be a heavily manipulated market, vulnerable to engineered shakeouts.


Over the longer-term, the dollar is expected to stall beneath the heavy resistance in the 85 - 86 area and its larger downtrend reassert itself, taking it to new lows, as detailed in the Gold Market update. This development should see silver break out upside from the huge symmetrical triangle that has formed over the past year, and which is clearly visible on the accompanying 3-year chart.


-- Posted 3 April, 2005 | |

Contact Clive Maund -

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 is presented to you by:

© 2003 - 2011, Silver Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.


The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.