4 replies to this topic

[nimblebear]

I'm just curious what others think here. I don't see silver being necessarily viewed as a "safe haven." A lot of industrial uses for it. I'm surprised how its hanging in there.

[hiker]

silver sector scan, closing basis Symbol Pct from Yr High Change - - - - - CDE Down 42.33% Up 0.25 Up 6.25% - - - - - ECU.V Down 29.04% Down 0.01 Down 0.38% - - - - - HL Up 1.21% Up 0.29 Up 3.27% - - - - - IMR Down 79.94% Up 0.04 Up 6.15% - - - - - IPOAF.PK Down 4.09% 0.00 0.00% - - - - - MFN Down 6.33% Up 0.40 Up 3.79% - - - - - MGN Down 50.89% Down 0.03 Down 0.60% - - - - - PAAS Down 5.53% Up 0.73 Up 2.49% - - - - - SIL Down 48.41% Up 0.02 Up 0.14% - - - - - SLV Down 12.58% Up 2.10 Up 1.60% - - - - - SLW Down 19.25% Up 0.35 Up 3.68% - - - - - SRLM.OB Down 58.11% Up 0.04 Up 1.31% - - - - - SSRI Down 4.45% Up 0.68 Up 1.98%

[nimblebear]

Not really looking at the stocks, but the metal itself.

[Stickan]

I see great potential in Silver.

check out the chart. We have two H&S patterns.
One failed (red, with red neckline)
And an inverted in progress (green) where we are just below the neckline.

Note the strong blue trendline, which has been tested 5 times. Now strong support. Last time was a retracement after breaking the line a the same time as the red S2 line.
Breaking 1525 would set off a powerful rally, I think.
Perhaps testing the old high.

that's my 2 c
stig

[nimblebear]

[quote name='Stickan' date='Mar 26 2007, 06:24 PM' post='279246']
I see great potential in Silver.

check out the chart. We have two H&S patterns.
One failed (red, with red neckline)
And an inverted in progress (green) where we are just below the neckline.

Note the strong blue trendline, which has been tested 5 times. Now strong support. Last time was a retracement after breaking the line a the same time as the red S2 line.
Breaking 1525 would set off a powerful rally, I think.
Perhaps testing the old high.

that's my 2 c
stig


Nice Chart.