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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2728827, member: 71723&quot;]I usually try not to engage in short-term or technical prognostications on metals, but spot silver is about to test its December 2016 low point of just under $16. Chart jockeys will find that level a significant test of the market&#039;s willingness to go well lower. Those of you who know my feelings know I find technical chart watching as sound as voodoo or fortune telling, but people do act on such foolishness in a self-fulfilling-prophesy way.</p><p><br /></p><p>Watch for language like &quot;testing a support level&quot;, or worse yet, &quot;crashing though a support level&quot;. Witch doctor stuff - all of it.</p><p><br /></p><p>Full disclosure: If Daniela Cambone of Kitco wanted to go to dinner and discuss technical analysis of metals markets, I&#039;d play along and go with her and pretend it were a serious subject. That&#039;s just the kind of guy I am.[/QUOTE]</p><p><br /></p>

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