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<p>[QUOTE=&quot;InfleXion, post: 1386750, member: 29012&quot;]Silver may be overbought when looking at the short term charts, but not long term. The term &#039;overbought&#039; really just means it&#039;s above its moving average, and that is entirely dependent upon how many days are in the particular moving average used, whether the 200 DMA or whatever it may be. To say that it is overbought without quantifying the range is a vacuous statement. Also, whether it is overbought or underbought has nothing to do with fair value. It has everything to do with relationship to the previous price. </p><p><br /></p><p>That being said, it does appear that silver is trading at the ceiling of it&#039;s current downward trendline from $49. I would not be surprised to see it dip back down below $30 again and hit the QE2 trendline. After that hold on to your hats.[/QUOTE]</p><p><br /></p>

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