SILVER
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0.30% $15.25 silver futures

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  1. Menta
    10,759 Posts.
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    12/05/11
    10:25
    Post #: 8389302
    Silver tumbled another 8% overnight, leading commodities lower as the risk-off trade resumes. Silver's 200-day moving-average remains between $29-30 (but is starting to roll over already which is a bearish sign) so a sharp bounce is likely from this range. If the larger trend in silver is indeed reversing, that would present another sell opportunity.
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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