Whether gold or silver both are very good when it comes to future trading. I have read once in an article entitled, itrader-commodities.com/trading-with-silver/[url=http://]"Trading with Silver"[/url] that trading and predicting the price of this metal consists of a delicate balance of what is needed by consumers and what is needed by the market.

Hi Madmax,
Hope your keeping well.

i haven't had a look at silver tbh, but gold which you mentioned below looks interesting.

it has done a 1,2, 3 low or hl, hh.

However i would not trust that 1,2,3 low imvho (maybe its possibly the same for silver?)
for gold it looks like its found support only on the trend line of the falling broadening triangle.
uk.advfn.com/p.php?pid=chartscreenshotsh...15X2q1kWohf0UVgZyJ8=

The bounce could just be a consolidation of the down move. i think its a bear flag.
uk.advfn.com/p.php?pid=chartscreenshotsh...ldY+3ZuzeBwNuI8UHLE=

if gold can close above the 200 and 20 day ema lines, it may be right to get on the long side until then this may well not be the bottom, just a chop, chop squeeze and dump.

dyor, wdik, atb
trendfriend

Hi,if silver go above 1784 then we will have possible 123 low in place on daily chart, similar to one we already have on gold today.

Please dyor
madmaxx

Hi, it looks like silver has reached 50% fib line of the whole move from the bottom, also seating at the trendline if my charts are accurate, it has reached equal legs target of double zigzag correction, its also in the area where it broken out from earlier




On hourly chart there is a bullish divergance on Rsi and possible double bottom formation



Please dyor
madmaxx

Looks like a bull flag at the top on this, far more likely to break up than down imvho.

dyor, wdik.
Trendfriend

Have we just had a 5 wave motive here with a potential ABC correction now starting?

Silver is taking a beating in early trading today. The ETF iShares Silver Trust (NYSEARCA:SLV) is dropping by over 2%. Investors are wondering where it will find significant support? The chart below shows it perfectly, with a gap fill and up-sloping trend line meeting perfectly at $17.85. Look for the SLV to head there before it finds major support and bounces.




Gareth Soloway

great shout. The etf I have priced in GBP has been flying!

I think silver might be getting ready for breakout and higher prices

This is approaching some support area,

Looks like a head and shoulders pattern playing out on silver 1H & 4H.

1H
dl.dropboxusercontent.com/u/24866576/201...13%20silver%201H.png

4H
dl.dropboxusercontent.com/u/24866576/201...36%20silver%204h.png

Cheers
M