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Silver - Major Uptrend Alert



By: Clive Maund


-- Posted 18 May, 2008 | | Discuss This Article - Comments: Source: SilverSeek.com

The technical condition of silver has continued to improve since the last bullish Silver Market update was posted a week ago. This is because it has held above the strong support in the $16 - $16.50 area, and by virtue of moving sideways during last week, it has broken out upside from the bullish Falling Wedge so that it is now in position to take off immediately, and is likely to, especially given that gold has started to lift off, rising strongly on Thursday on Friday. The position of silver, on strong support not far above its rising 200-day moving average, coupled with the strong convergence of the boundary lines of the Falling Wedge just completed are a particularly potent combination pointing to a strong advance very soon.

 

 

Now we come to the question of whether investors are better off deploying funds in silver itself or in silver stocks.

 

More follows for subscribers…


-- Posted 18 May, 2008 | | Discuss This Article - Comments:


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

Last Three Articles by Clive Maund


Silver Market Update
31 January, 2010

Silver Market Update
27 December, 2009

Silver Market Update
13 December, 2009

Clive Maund - Archive List



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