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Silver is on the move, did we just pass the bottom?
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<p>[QUOTE="JobIII, post: 1517598, member: 38809"]All Good Points BUn,</p><p><br /></p><p>I don't know where you're getting the $35, silver clearly peaked above $37 at the end of February. I say 3-4 months because starting May 11th silver values were in the 27-29 dollar range (ie hovering at $28). If you go by daily closings silver doesn't break $29 on more than 2 days. And that was quite an amazing climb to $29 but it was short lived as the data shows. I agree i'm not being exact here with my observation. But I'm okay with looking at the data and saying it seems more or less flat around $28 from May to June.</p><p><br /></p><p>I think I clearly cover silver dropped dramatically following the peak, albeit I don't specify the daily performance but that's because it was part of silver's slide downward (which was detailed in what I would call a blog <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />).</p><p><br /></p><p>-------------------------------------------------------</p><p><br /></p><p>Desertgem,</p><p><br /></p><p>I didn't look at euro/usd pricing this week. I would have assumed the euro and USD would slide evenly considering both entities are facing their own issues. </p><p>- A possible QE3 in the US</p><p>- Euro zone losing greece, etc.</p><p><br /></p><p>~JobIII[/QUOTE]</p><p><br /></p>
[QUOTE="JobIII, post: 1517598, member: 38809"]All Good Points BUn, I don't know where you're getting the $35, silver clearly peaked above $37 at the end of February. I say 3-4 months because starting May 11th silver values were in the 27-29 dollar range (ie hovering at $28). If you go by daily closings silver doesn't break $29 on more than 2 days. And that was quite an amazing climb to $29 but it was short lived as the data shows. I agree i'm not being exact here with my observation. But I'm okay with looking at the data and saying it seems more or less flat around $28 from May to June. I think I clearly cover silver dropped dramatically following the peak, albeit I don't specify the daily performance but that's because it was part of silver's slide downward (which was detailed in what I would call a blog ;)). ------------------------------------------------------- Desertgem, I didn't look at euro/usd pricing this week. I would have assumed the euro and USD would slide evenly considering both entities are facing their own issues. - A possible QE3 in the US - Euro zone losing greece, etc. ~JobIII[/QUOTE]
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Silver is on the move, did we just pass the bottom?
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