Saturday, June 2, 2007

Silver update


Earlier in the week i told you about silver finding support at 200MA and i told you where our first resistance would be. Well now we are at that resistance, we got to that point very fast. I think silver has the strength to breakout.


PAAS was the silver stock of choice.we were able to get in right near support and It to has moved well from the silver strength. notice the run away gaps in place. I do not like how PAAS traded off its highs at the same time silver was closing near high of day but i still think the stock has room to go. i still prefer the silver futures to the stocks.

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