Monday, November 22, 2010

Silver shooting for $30

World Silver Index, Nov 22, 2010
Looks like Silver will attempt a run for $30 an ounce within the 2010 year!  There was a small pull back at the end of Oct, a run up to $29.34 and another small pull back to the 38.2 fibonacci level.

It's trading above all 3 key moving averages and has fair support near the 15 dma. Silver is on track for a outstanding overall year with a current 60+% return. 

Silver started the 2010 year at $17.17 an ounce.

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