Friday, January 20, 2012

Silver proxy SLV

The 50 day moving average (shaded area) has been pretty important as a resistance and support zone for silver.  Today SLV is boinking up above it on a frisky looking move.  That has been expected as NFTRH targets have been 31 and potentially 34 for Ag.  What comes next?  Lots of things in motion.  Everywhere.

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