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Silver Market Update



By: Clive Maund


-- Posted 18 September, 2006 | Digg This ArticleDigg It!

Silver did its duty and plunged upon breaking down below the support in the $11.75 area. This drop brought it back to the target given in the last update, at $10.50, which it fell to intraday on Friday. Over the short-term, a period of up to 3 weeks, silver is expected to bounce, possibly as high as about $11.60, this being the underside of the former support that is now resistance. Beyond that, over the next month or two, it is expected to go into retreat again and dig deeper into the current support zone, possibly dropping as low as the $9.50 - $10.00 area. This should mark the end of the corrective phase in force since May.


-- Posted 18 September, 2006 | Digg This ArticleDigg It!


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

Last Three Articles by Clive Maund


Silver Market Update
14 July, 2008

Silver Market Update
21 June, 2008

Silver Market Update
5 June, 2008

Clive Maund - Archive List



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