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<p>[QUOTE=&quot;Rainyday, post: 1542922, member: 33384&quot;]From what I interpret from reading SLV&#039;s chart is that there is a strong base at 32.-+ and the key resistance that needs to be broke is roughly $34 (approx 36 spot price) and if that happens I do believe we will likely see 40-50 again in the coming months. One key indicator is the Parabolic SAR, which flipped today giving indication that a higher price may here soon before it goes back to a support base level of 32-+ </p><p>SLV&#039;s shares are usually about a point off from spot.</p><p><br /></p><p>Other key indicators:</p><p>RSI is at 68 with plenty of room to move into the powerzone&lt; most traders don&#039;t start taking profits 74-80 that range would put the price roughly around $37-40 before the run is over. </p><p><br /></p><p>The 200ma and The 50ma crossed friday. bullish</p><p><br /></p><p>Accum Distribution is also laying flat after a small little upchurch last week. </p><p><br /></p><p>One other key element to keep in mind is that the latest market munipulation that took the price back to 25 from its original run up to $50 is that there were several large firms that were shorting HEAVILY if they are now covered than the market manipulation&nbsp; will simply cease and the market could correct itself possibly continuing far beyond the initial run to $50</p><p><br /></p><p>All in my opinion.[/QUOTE]</p><p><br /></p>

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