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| Silver survived a couple of raids this past week and ended up with a nice gain, chart shows the spike down, and buyers stepping in. During the orchestrated sell off that started May first the sellers would pile on and fear off further losses caused weak holders to abandon the metal. It seems that that is no longer the case, we now have dip buyers! |
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| The red line shows the sell off two days ago at one point losing over a dollar in less than 5 minutes, and then dip buyers came in to support the metal. |
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| This chart now shows a bull flag formed yesterday below the 50dma (which its failed to clear twice), I think it gets taken out next week. We have a heavy band of resistance from the 50dma to 39.50, and then between 42-43. Weak support at Thursday's lows, then moderate 34 and 33-32 (strongest support). |
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