Dubai Tel :+ 971 5 03061895
Email: info@myglobalinvestments.com


  HOME   BUY GOLD & SILVER    OTHER SERVICES    WHY INVEST    HOW IT WORKS    ABOUT US    KNOWLEDGE BASE    TESTIMONIALS    CONTACT  
Silver Price Forecast: Silver Market Update
http://hubertmoolman.wordpress.com
Posted on Friday, February 24, 2012

Bookmark and Share
On the chart, I have drawn a significant upward sloping resistance line (red line). Silver has now reached that line, trying to breach it and stay above it. It has also reached the top resistance line of a big flag pattern. If the silver price gets through these resistance lines, and stays above them, then it is likely to continue its rise, but likely in a more accelerated manner.

These resistance areas can be very tricky. Price can often react in a violent manner downwards; however, there are no certainties.

What silver will do at these resistance areas is a short-term problem. From a longer point of view, it is clear to me that silver is going much higher. Eventually, it will successfully break out of the big flag and spike upwards past the $50 level.

Read the rest at the original source.





Join Our Metals Investing Email List

Learn how the economic system deprives you of your wealth and what you can do to protect your wealth and financial assets.
Your Name:
Your Email:
Your privacy is guaranteed, your information is confidential and you can unsubscribe at anytime.

Copyright © 2014 . All rights reserved. RSSTagsPrivacyLegal and Terms of Use