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Next step silver - over $20.00
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<p>[QUOTE="1970 Silver Art, post: 926402, member: 18828"]Not very surprising with silver. Once silver entered the $19.50-$20 territory, it backed off. I know that there was news that did not help silver (china yuan????) but still it backed off when it hit that $19.50-$20 resistence area. That is a troubling sign for silver IMO. If I am wrong on this, then please feel free to correct me on this. </p><p> </p><p>With that said, once silver recovers and makes another attempt at $19.50-$20.00, then I think that it will break that resistence level and break $20 in a convincing fashion. The only problem is that I do not know when this will happen and another problem is I do not know how far that silver will fall before it claws its way back to that resistence level. I think that this is also the weak period for gold and silver as well and that will probably play a part in when silver will make another attempt at breaking through the $19.50-$20.00 range and finishing above $20.00.</p><p> </p><p>Just my 0.02.[/QUOTE]</p><p><br /></p>
[QUOTE="1970 Silver Art, post: 926402, member: 18828"]Not very surprising with silver. Once silver entered the $19.50-$20 territory, it backed off. I know that there was news that did not help silver (china yuan????) but still it backed off when it hit that $19.50-$20 resistence area. That is a troubling sign for silver IMO. If I am wrong on this, then please feel free to correct me on this. With that said, once silver recovers and makes another attempt at $19.50-$20.00, then I think that it will break that resistence level and break $20 in a convincing fashion. The only problem is that I do not know when this will happen and another problem is I do not know how far that silver will fall before it claws its way back to that resistence level. I think that this is also the weak period for gold and silver as well and that will probably play a part in when silver will make another attempt at breaking through the $19.50-$20.00 range and finishing above $20.00. Just my 0.02.[/QUOTE]
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Next step silver - over $20.00
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