While the silver pundits have been celebrating last week's silver sell-off as if God's 2 witnesses themselves were lying dead in the streets, Martin Armstrong writes that silver's critical long term support lies at $23.50-$26.50. Only a MONTHLY CLOSE BELOW $23.50 would signify a long-term change in trend (just an FYI for you banksters reading SilverDoctors, the long-term trend is UP).
Major support is found at $28, and Armstrong believes that a close below $28 will signal a decline into 2012.
For those looking for silver to rally immediately, Armstrong believes that were silver to bottom in early June, it would be a major long term BULLISH signal.
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Click here for Martin Armstrong's Latest, The Silver Crash of 2011?