Monday, February 16, 2009

Watching for Entry in Silver

I've been watching Silver lately, looking for a place to go long. In the chart below, you can see that we are approaching resistance around $14. I would wait for a pullback from that $14 level that we might get. If we do go straight through $14, then I'd look for a pullback to that level. Either way you don't want to chase it here.

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