Monday, November 08, 2010

SLV follow up

30min interval Intra-day chart of SLV shows a nice bull flag (arrow) I wanted this this to pull back to 24 but I don't think its going to happen due to the fundamentals right now. Big buying season in India due to wedding season other reasons as well see Kingnews link for more. Silver has lagged Gold run up and is now playing catch up!



Weekly chart shows the enormous move we have had in Silver, the shorts are just now getting squeezed. The Stochastics have turned up again, so I think we have seen a near term pull back (wasn't much). Silver goes much higher. 


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