Sunday, April 17, 2011

Silver Shoots Higher On Asian Open

Stunt Plane Imitating Silver Market
Silver immediately shot higher upon the Monday Asian open, already hitting $43.25. Silver's next target is $44, as the shiny metal continues working higher in $2 increments. $44 should show up as initial resistance, which at silver's current rate of ascent, should hold it down for roughly 8 hours. 
Last Wednesday morning's lows near $39.80 appear miles away at this point- it wont be long until we're looking back at $43.25 with a similar perspective.
Silver looks to eclipse the $45 level in trading this week, setting up a run to the all-time nominal highs likely during May. The last 9 months have been amazing for silver aficionado's, but we haven't seen anything yet!