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<p>[QUOTE=&quot;Lucky Cuss, post: 1691079, member: 44086&quot;]One last remark on my part.&nbsp; The chart for silver over the last several months is not encouraging if you&#039;re thinking a sudden recovery is possible. What I see are declines followed by successively lower peaks, to the degree now that you could say it&#039;s definitely trending to the downside. What happened Monday can be characterized as a severe break in that same direction, and as such is worrisome if you&#039;re in a long position that you can&#039;t sustain. </p><p><br /></p><p>The thing I&#039;d be watching for right now is if silver settles any given day below the newly reestablished support levels (the current one to watch is $23.20) - that would suggest another tumble is in order.&nbsp; On the other hand, and I emphasize this applies only to the short term prognosis, if silver finds a floor in the range within which it&#039;s banging around at the present time, it may well rebound, but temper your euphoria given the probablity that even then it shouldn&#039;t go all the way back up to the level where it was just a week ago.[/QUOTE]</p><p><br /></p>

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