This is a 32 Years Silver Chart.... In This Silver Make a high in 1980. and in same Pattern in 2011... at that time resistance... this time shows support again and again ... By This Charts Sell Only Below 25$ with very Small Stop Loss... Over all 2012 Silver Range is 25$ to 37.50$...
Silver Squeeze
Full Disclosure: I'm not a professional in any sense. I am however new to trading and very interested particularly in the metals lately. That being the case the following is probably worth what you paid for it... ;)
Note the highlighted green triangle just below R1 (Resistance Trend Line 1) and above S1 (Support Trend Line 1).
1. As we move...
These three that are in a good correlation, even more now after the QE3 announcement, are showing negative signals on the daily charts - overbought on the 28 RSI. Going long might necessitate tight stops, while for the shorts should be waiting for a confirmation in the price action.
