Tuesday, October 5, 2010

10/05/2010

SILVER IS BREAKING OUT! Huge Up day today.


I have said in the last couple weeks, that a break of this trend line to the upside can give even more added pressure to the upside for the silver price. We have had our breakout today and thus I am expecting the volatility now to increase levels. The volume is increasing and the price is closing in on $23. Because we have closing in on this level, then the next $24.00 target is now in play and should be tested relatively soon. Whether that be today, later this week or next week the probability odds would state this to be the case.

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