Tuesday, September 27, 2011

Silver Now Up $7 or 27% Off Yesterday's Lows

Live 24 hours silver chart [ Kitco Inc. ]Talk about a powerful rally.  Silver has violently rallied from the $26 level overnight yesterday (its most oversold position in the entire bull market to date!)
$30 needs to hold to prevent a possible retest of the lows near $26, but silver is currently holding well above $33, comfortably above this level for now.
We wouldn't be surprise at anything however with options expiring tomorrow.



Live 24 hours silver chart [ Kitco Inc. ]