Hi Ho Silver!

Dec. 09, 2013 11:28 AM ET
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rdulep's Blog
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Seeking Alpha Analyst Since 2013

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Silver is on the verge of breaking (or bouncing on) its important psychological level of $20. A quick look at the 5-point scalar analysis weekly chart reveals the metal's high probability of bouncing off at $15 to retest $20, if indeed it goes down further to that level. A bullish bet with a target of $30 is also plausible as this shiny market has an attitude of retesting every single scalar top or bottom once it is broken. SEE CHART HERE.

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