Tuesday, December 10, 2013

Silver: Update From My Post of December 4

From my post, dated December 4, which was entitled, "Silver: Dollar Cost Averaging," I stated that the momentum indicators for $SLV were extremely oversold at these price levels ($19).  Further, I went on to say that a bounce within its current Stage 4 Selling Phase could result in $SLV rising between $22-$24.  So far, so good.  See the following chart.


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