Thursday, August 23, 2012

Silver ~ Update ~ 23 August 2012

Silver has already surpassed the first target (30$):

Next target should be the 31.5ish area and the downtrend line around 32 (depending on how you draw it, it's either a bit above or below 32).

As long as we stay above 28, the medium-term trend is up. If we can break the downtrend line, the long-term trend is bullish again.