Thursday, December 22, 2011

Silver ~ Update ~ 22 December 2011

Silver broke the level which was important for the uptrend to continue already mid November (33$). Since then it's been declining and hit 28 $ a few days ago:

Supports and resistances are shown in the chart above. The trend is down as long as silver doesn't break 31ish. If it rallies above 33$ the trend is up again.