Tuesday, November 30, 2010
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.