Sunday, May 15, 2011

Silver


This is a quick estimate of where silver can bounce from tommorow, should we see some selling early on..
I would be more comfortable buying should the Euro for example having already reached its target of 1.396... Risk assets tend to hit important levels simultaneously.. I believe the bottom at 32.3 is a very important one, and will hold for weeks to come.. I expect a retest of the highs from here, as a minimum, and a take of 55-60 as a maximum target. Will be buying the dips in silver, with respect to the low (32.3).. should that level be taken, all bets are off..

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