So goes the Silver down. Are we getting the reversal here? Looks like the last bozos are in, now let’s watch some action below. The bounce reached the (almost) perfect level of 40. Let’s push it some lower, and see if real risk is on or off. Mentioned just 2 hours ago;
Lastly, the biggest risk tracker of all, Silver, has bounced back to thetrader’s projected level, 40 Usd. (http://www.thetrader.se/2011/05/08/silver-why-are-forward-rates-negative-again/)
We bounced of 100 day moving average, but have now reached some “disturbing” resistance. Let’s see action if we could get a small reversal around these levels.