Here is an hourly chart showing pit and electronic trading in July silver futures. Today I am switching my analysis over to the July contract from the May contract. July is trading about 10 cents over May.
I think the market is completing the third phase of and three phase upward correction and I see resistance at the 1410 level. The next move should drop the market below the 1100 level. I think we shall see 920 in a few weeks.
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