Looks like silver has bounced off an approximate 50% fib...

Looks like silver has bounced off an approximate 50% fib retracement of about US$32(with reference to the low US$17.17 in May-Jun 2010 and high of US$48.13 May 2011), and it has bounced quite substantially with current price at US$36.14. Lets hope this is the continuation of the upwards trend of Silver..

Here is an interesting article on Silver from the Uncommon Wisdom group regarding Silver. It also mentions one of the reasons that have contributed to the sudden drop in the price of Silver

http://www.uncommonwisdomdaily.com/4-must-see-charts-on-silver-11934?FIELD9=2

Cant wait until Monday.. Have a good weekend all..