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 1 August, 2005 | | Source:

Silver broke down from its long-term uptrend line and from its large symmetrical triangle pattern early in July, but the break was marginal and the important support at $6.80 held. Thus it remains in a sort of limbo, pending a decisive breakout that will signal the direction of the next significant move.


In this situation it is wise to presume that the larger trend remains up, at least while the aforementioned support at $6.80 holds, especially as the dollar advance appears to have run out of steam and a number of silver stocks have marked out exceptionally bullish long-term chart patterns, which is hardly what you would expect to see if silver was about to go into a significant decline. Some of these silver stocks have been highlighted on the site in recent weeks.

Silver and silver stocks should be accumulated on short-term weakness, in the expectation that the larger uptrend will reassert itself, and the current situation has the advantage that fairly tight stops can be employed to limit losses in the event that it breaks down.


The COT figures are encouraging, as the accompanying chart shows, being at the most bullish (or least bearish) for about a year. The open interest is still rather high, however, indicating that we may see some more weeks of floundering around before a decisive move occurs.

-- Posted 1 August, 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.