Friday, February 11, 2011


The week is over and the price of silver has remained at the $30 level. Have a great weekend everyone :)

Update 12:22pm EST - The silver market has moved down to the five day average and the top of this trend line. It's an area that has a decent shot of bottoming for the day. That only means there is a decent shot on this (aprx 70-75%), because it would be a failed move if it does not find support and thus a big move would head lower if support does not get met at this level.

Update 1:15pm EST - Its looking good to go that the market is bottoming with a nice pop up rally that has brought the market up to $29.91. Still a long ways to to go.

1 comment:

  1. Thanks for the update. What does this mean going into next week?