Adam Hamilton, in March advised the historic trading range for silver since 2003 is 0.95 x 200mda to the downside and 1.40 x 200dma on the high side.
At $49 silver was 1.75 x 200dma.
Silver is currently at 1.23 x 200dma.
http://www.zealllc.com/2011/silvtop2.htm
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