Tuesday, December 20, 2005


Here is an hourly chart showing pit and electronic trading in March '06 silver futures.

I had thought that the market would rally to 885 but silver only made it to 875. At the moment it looks like the market will drop to 825 or so and then rally once more, probably back close to the 875 high.

I think that silver will drop into the 620-640 zone before a multi-week rally can start.

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