Re: How iz everyone? my si. thoughts/Ronbo *PIC*
Hey Ronbo. Good luck on the Russian stay. And be sure to 'have some' for me too. Here is the Daily Silver chart. Price broke up over that 3 month channel top of $39 and held above for 3 weeks which is bullish. The breakout suggested a rally the depth of the channel which was 5.50. This projected the rally to run to 44.50. Friday's pullback to the breakout pt 'area' puts a question mark on Silver holding above its breakout point. This support must hold or down she goes. Any further pullback would break support and put Silver back in its old channel once again,or worse. Silver would have to turn back up from here with conviction to suggest all is well. Friday's close is the line in the sand.