Silver is building a base to take off from, patience is required after the beating its taken there are a lot of people licking their wounds and no one is going to jump in here with both feet. I am actually glad to see it move sideways above the 150dma and gives me more confidence in the near-term for its prospects. No change in plan on how to trade this. Trimming around 39 and buying back around 32-33. Any break of the range will need considerable re-evaluation and Blythe has enough fire power to print whatever she wants on the charts.All about the dollar right now, the strength in the USD has definitely hurt all the holding in the STP along with the manipulation of the Silver market. USD Holding the 50dma, they may try and push it up for another try to breakout above 76 especially with all the IMF nonsense, and troubles in Europe.
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