Thursday, November 17, 2011

Silver Takes Out Support at $33

Live 24 hours silver chart [ Kitco Inc. ]Silver has taken out crucial support near $33 this morning to the downside, meaning silver looks to rechallenge $30 unless it can immediately get back above $33 and hold this level through the close.  Traders may want to keep a close eye on their stops this morning, but long term stackers of phyzz have nothing to be concerned about as NOTHING HAS CHANGED
Use the short term smashes and corrections to increase the size of your stack by accumulating INTO price weakness. 
Silver looks like it could target $30 here, and again, another chance to purchase physical silver at $30 or below would be an amazing opportunity.
Live 24 hours silver chart [ Kitco Inc. ]

Live New York Silver Chart [ Kitco Inc. ]

Classic action with 08:00 EST COMEX open