Friday, June 3, 2011
(Chart 1 - Silver daily zoom)
(Chart 2 - Silver daily)In this post here yesterday here is what I said silver about going down for the near term.
"Dont sell here if you are conservative
Just keep this in mind for if it breaks lower then comes back up to the blue channel line (6/2)"
3560 is the bottom of the blue up channel
3555 is low of yesterday
We are currently at 3558 at 6:53AM CST
I think its a sell with the current risk and profit and pyramiding discussed in that past post linked above.