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28th Feb - Silver Pressurizing Long Term Support Line

28 February 2013

MONTHLY CHART – CONTINUATION:

The rising support line on this long term chart is coming under serious pressure now.

DAILY CHART – May-13:

This year’s sell-off has found temporary support from a 76.4% retracement level, near to the falling support line (at 27.85 currently). A break through this would coincide with a break of the long term support and invite lower targets.

At this stage a recovery through the current bear channel top just above 32.00 would be needed to keep the bears at bay.

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1st March - Bears of US Bonds routed

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27th Feb - USD/CAD Recovery Challenges Key Resistance

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