Tuesday, November 30, 2010

Silver Nov 30th.....Bullish Breakout!

The Silver price was heading into the point of the lower and upwards trend lines and something was going to happen, either a break low or a break high.  The bulls had their way today with a close of $28.19 (3.64%), above the last break high of $27.89.  A test of the even $30 area should be within a few days.

I would guess that most hedge funds and other institutional funds may have sold already to book profits for the 2010 year. (50%+ is not bad right?)  If so, we may see a bull rally in December and into the end of the year...  we shall see, stay tuned.

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