Friday, February 22, 2013

Friday's Analytical Charts for Silver:

ilver price is in the same boat as its big sister (Yellow Gold). Only difference is that silver has larger price swings of 2-3x more than gold. This is what attracts more traders and investors but unfortunately the masses do not know how to manage leveraged investments like this and end up losing their shirts.

A breakdown below the $28.44 price would likely trigger a sharp drop back down to the $26.00 level so be careful…

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