Monday, 7 March 2011

Silver broke resistance at US$36/ounce.

I woke up this morning to an exciting development: silver broke resistance at US$36 /ounce! Looking at the 24 hour live chart for the metal, we see how it was resisted at US$36 for more than two hours before it broke out and moved higher. Zoom in on the red line and you would see it too.


Now, silver is trading at US$36.64 /ounce. The green line, which shows the latest price, is creeping higher.

I plan on selling some silver tomorrow. Will the price go higher or would it test US$36 as the new immediate support? Your guess is as good as mine. Let's hope for the best.

UOB buys from us at S$46.18 an ounce. Rates as at 07 March 2011 06:42:39 PM.
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2 comments:

Losty said...

woah looking good! Good luck! Maybe werewolves are multiplying too quickly hence the need for silvers.

9 March 2011 at 15:08
AK71 said...

Hi Losty,

That is actually funny. I didn't think of that. ;p

Thanks for visiting.

9 March 2011 at 15:56

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