Silver is looking good today but I would still like to see a break over 15.25 on the cash market before taking on a substantial silver position. Once that level is cleared, then the next resistance isn't until 25.00 which was the last high print from early 1983...
I think that we are within days of a breakout over 15 on the cash market. Just my gut feel so don't hold me too it if we don't see it but I do believe that it is coming very soon now...
Silver not only broke out over 15.21 which was the May'06 swing high, but also made it up to 15.51 on the cash market so far today. Many traders and investors have been waiting for silver to confirm gold's breakout and today is that day. Many will now choose to allocate funds into silver and professional metals traders are likely going to shift out of some gold positions and begin moving a percentage into silver. As of today, the only technical resistance barrier that exists is the 1983 high of $25.00. After that is the infamous "Hunt High" of $48.50...
Realist, due to my research, I am very bullish on silver. But I am wondering where do you get your silver info from. Can you point out to me sites that can benefit my research on silver?
$ 16.00 yeah baby !!! lets see if we can hold this level basis DEC futures or re-test it later on in the week
wakew up and it has popped back quite a bit overnight, any insight to why that happened and gold really never did
nevermindi read that wrong gold hit 848 holy cow, i thought it said 838. they both pulled back, looking for some more of the experienced guys insight on why. Prift taking??