Friday, April 22, 2011

Spooky Silver Chart Report

Today there's some strange activity going on in silver also.  If anyone was on the UK charts there was a spike today from 46.62 to 47.65 and now it's back down around 46.62 again.  Any explanations?

UPDATE:  Trader Dan Norcini:http://traderdannorcini.blogspot.com/2011/04/brief-consideration-of-silvers-open.html

Here's some rather spooky chart analysis and information coming from Zero Hedge about the SLV:

FOR WHAT IT'S WORTH:  My sources suggest to me that we will be topping $50 soon here to make headlines above the old Hunt Brother's high and then they are expecting increased volatility along with $2-$5 intraday swings in the spot price.  The consensus has silver at $65 by July and then a consolidation period before a fall buying spree.  (Take that with a grain of salt or an ounce of silver...)
...developing...