Silver Market update
By : Clive Maund
CliveMaund.com
¤----¤
We are believed to be at a good entry point for silver here as the overall pattern is strongly bullish, and the predicted reaction of the past few weeks, which has served to unwind the earlier overbought condition, is now thought to have run its course.
On the 1-year chart we can see that after breaking out of the strongly bullish fine Cup & Handle pattern, silver made a fairly rapid run at the important resistance level in the $16.00 - $16.80 zone, arriving there in a critically overbought condition, as shown by the RSI indicator at the top of the chart, so it is hardly surprising that it has reacted back over the past several weeks. We anticipated this reaction and sidestepped it , which is just as well as we can now buy back both silver and big silver stocks, some of which are about 25% cheaper after the reaction. In the las...
![](/style/all/img/mobile/connexion_bis.png)
Cet article est reservé uniquement pour les membres Premium. 75% reste à lire.
Je me connecte
24hGold Premium
Abonnez-vous pour 1€ seulement
Annulable à tout moment