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Silver Market Update



By: Clive Maund


-- Posted 11 April, 2005 | | Source: SilverSeek.com

Silver is in position to rally sharply from here, and will do so if the dollar does what’s expected of it, and goes into retreat from here. The reasons for renewed dollar decline are set out in the Gold Market update.

 

Looking at the 6-month silver chart we see that the price has stabilized in the vicinity of its bullishly aligned moving averages over the past two to three weeks, and above the support of its 200-day moving average. The RSI and MACD indicators are now picking up, with the latter about to rise through its moving average. Any dollar weakness now is expected to trigger an upside breakout, which is considered probable within the next few days.


-- Posted 11 April, 2005 | |


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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