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 25 February, 2007 | | Source:

Although silver did not stage such an obviously important breakout as gold last week, it did nevertheless rise in tandem, and succeeded in breaking out above important resistance at its early December highs, putting it in position for “The Big One”, which will be the breakout above last year’s highs at about $15.20, which is an objective that silver, with its propensity for big moves could easily achieve in a single day from the current position.


We had earlier looked to delineate a 3-arc Fan Correction in silver to match the one in gold but didn’t find a truly satisfactory fit. Now, however, after last week’s action, we have it. On the 14-month chart (the time period for which was selected to allow last year’s high to be viewed without interference from writing on the chart) we can see how a 3rd fanline drawn from last year’s highs across the early December highs is what created the resistance that caused silver to start rolling over the week before last before it suddenly blasted higher in tune with gold last week.

Having broken out above the resistance at the December highs, in the process breaking out above the 3rd fanline of the 3-arc Fan Correction, silver has arrived at the threshold of “The Big One”. Silver is now very well placed to stage a breakout above the highs of last year, an event that could well involved a $1 - $1.50 up day, which will mark the start of a powerful uptrend.

-- Posted 25 February, 2007 | |

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.