September 3rd, 2010
Published Daily

SIH10 – Comex March Silver (Last:15.160)

by Rick Ackerman on February 9, 2010 8:05 am GMT

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Silver’s intraday charts are exhibiting the same faint-heartedness as gold’s, retreating into a dither  after the failure of Monday’s rally to top any distinctive peaks in the lesser time frames.  It also turned a minor Hidden Pivot support at 15.020 into suet, suggesting the selling is not done. That would imply more slippage to 14.435 over the near-term, or perhaps to 14.085 if it gives way. Both targets come from obvious patterns on the 180-minute chart. Alternatively, a show of strength today could hit 15.535.

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