Friday, August 19, 2011

Silver ~ Update ~ 19 August 2011

While gold is going parabolic silver hasn't actually made much progress in the past few weeks. The important support level at 38-39 held though so silver might follow gold very soon:

Silver is currently trading around 42 $ so right below the resistance at 42-42.5. A break of this level should lead to a rally to 45-46.