Silver Market Update - SilverSeek.com

Live Spot Silver

Silver Quote

Bid\|Ask	18.46	18.51
Low\|High	18.025	18.58
Change	0.02	0.11%
Nov 21, 2009 06:00:03 EST

Silver Price Forecasts
Only Weekly Silver Service
Stocks • T.A. • Portfolio

Navigation

Last Five Articles

Gold Seeker Weekly Wrap-Up: Gold Ends the Week at a New Record High
20 November, 2009

COT Silver Report - November 20, 2009
20 November, 2009

Gold Seeker Closing Report: Gold and Silver Reverse Early Losses and End Near Unchanged
19 November, 2009

Gold: Expensive or Cheap, it's Rare
19 November, 2009

Institutionalized Market
19 November, 2009

Search SilverSeek.com

Silver Market Update

By: Clive Maund

-- Posted 21 September, 2008 | | Discuss This Article - Comments: Source: SilverSeek.com

Although silver investors may be understandably disappointed at its rather muted rally last week compared to that in gold, we should keep in mind that silver makes its best gains towards the end of gold uptrends, not at the start of them, which is where we are now. In the last update a snapback rally was predicted for silver on account of its severely oversold condition and proximity of strong underlying support and this is what we are now seeing. Our initial objective remains the underside of the important resistance level shown on the long-term chart here at and above $16, so on a rapid run at this traders may consider taking profits, or partial profits, with the aim of buying back on a reaction. Overall, silver looks considerably weaker than gold at this point, but as mentioned above this can be expected to change rapidly as gold breaks out to new highs and continues upwards. A clear break above $16 will be an important milestone that opens up the prospect of a run at the highs, and an eventual breakout to new highs.

The arguments set out in the Gold Market update in relation to the "bailout plan" and the dollar apply equally to silver.

-- Posted 21 September, 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
15 November, 2009

Silver Market Update
7 November, 2009

Silver Market Update
4 October, 2009

Clive Maund - Archive List

SilverSeek.com is presented to you by:

Advertise | Bookmark | Contact SilverSeek.com | | Update Page

The content on this site is protected by U.S. and international copyright laws and is the property of SilverSeek.com 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 SilverSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of SilverSeek.com, its affiliates or advertisers. SilverSeek.com 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 SilverSeek.com, is strictly prohibited. In no event shall SilverSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.