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<p>[QUOTE=&quot;jolumoga, post: 1839792, member: 41780&quot;]Yes, $20 can also be seen as resistance.&nbsp; It seems that silver is stuck in a trading range between $18.50 and $21.&nbsp; Commonly, a level of support, once breached, becomes a level of resistance.&nbsp; Like I said, if silver falls way below it, to, say, $14, I don&#039;t think it would stay that low for long.&nbsp; Clearly, while the inflation numbers can be disputed, the Fed&#039;s policies have driven silver from $4 more than a decade ago to the price today.&nbsp; I don&#039;t see a single digit silver price as very sustainable, and, assuming we were to reach it, it would imply a disastrous deflationary depression that would hurt virtually everyone.[/QUOTE]</p><p><br /></p>

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