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<p>[QUOTE="InfleXion, post: 1305492, member: 29012"]Very true. I was not suggesting that somebody would do this, merely that it could be done, in order to accentuate how easy it is for silver to be swayed in comparison to gold which is why I use gold as the barometer. I do not think silver is going to bounce back just yet as well. Although apparently it could depend on what happens today in the Shanghai markets. </p><p><br /></p><p><a href="http://af.reuters.com/article/metalsNews/idAFB9E7M700420111118" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://af.reuters.com/article/metalsNews/idAFB9E7M700420111118" rel="nofollow">http://af.reuters.com/article/metalsNews/idAFB9E7M700420111118</a> </p><p><br /></p><p> </p><p><br /></p><p>The other support line I am watching is around $33.60. I believe that's the fibonacci retracement level from the recent low.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1305492, member: 29012"]Very true. I was not suggesting that somebody would do this, merely that it could be done, in order to accentuate how easy it is for silver to be swayed in comparison to gold which is why I use gold as the barometer. I do not think silver is going to bounce back just yet as well. Although apparently it could depend on what happens today in the Shanghai markets. [url]http://af.reuters.com/article/metalsNews/idAFB9E7M700420111118[/url] The other support line I am watching is around $33.60. I believe that's the fibonacci retracement level from the recent low.[/QUOTE]
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