Tuesday, April 10, 2012

Silver ~ Update ~ 10 April 2012

The neckline of the potential inverse H&S I posted in my previous update was never breached so the trend is still neutral-bearish. I still think that a break of 33ish was very bullish but it probably won't happen for a few more months.

The reason I say this is because of seasonality which is very poor for silver from March till June: