Wednesday, 23 December 2009

SILVER (SLV) @ $16.44



SLV $16.44 needs to hold above $17 for 2 days or spike up (re 2nd Nov move from $16.01 to $17.04) to go LONG. Upside limited with strong support @ $16 ($15.82 on Wednesday 28th October)

Recent high was $19.11 on Wednesday 2nd December. Looking for a low today or tomorrow around $16. Risky Long $15.90 Stop $15.40 Target $17.5. Close below $16 for 4 days or more and SLV will be heading back to $13.

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