Price repelled from the 20dma resistance last week as well as the 50 level on the RSI. Friday's finish provided a bearish cross on the MACD. 50dma rolling over too...can Silver hold the May 16th low this week and stage a rally or does she yield in the face of QE2's end on Thursday?
Quite a week ahead, not just for Silver, but for the world-wide financial markets in general...taking away the giant punch bowl away from all the 'drunks' who have become delirious on easy money WILL have repercussions...