Tuesday, May 17, 2011

Silver

Yesterday we looked at a lateral zone that would be an area of lower risk for buying silver, it also appears to be an area that has seen some recent past buying, this morning we're pretty close to that area.

 The bottom of the range is the area talked about yesterday, as you can see we are pretty close to it.

While it's way yo early to get any short term readings on this morning's silver movement, the longer term trend, apparent on charts from 5 -60 minute, have shown positive divergences at the bottom of the range as you can see above on the 60 min chart.

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