September 3rd, 2010
Published Daily

SIZ09 – Comex December Silver (Last:17.575)

by Rick Ackerman on November 10, 2009 3:15 am GMT

Silver is struggling hard to reach a modest target at 18.375, and it was hard not to notice that yesterday’s thrust failed to get past a look-to-the-left peak at 17.800 recorded on October 26. This would seem to suggest the futures may need another 4-7 days of consolidation before they try and push past a supply zone formed in mid-October that ranges up to the 18.175 peak recorded on October 14.

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