As we move into 2012 a new yearly timeframe one cant help to consider the primary yearly trend.
As it stands of fri. close im looking at 1614 area as the single yearly pivot.
weekly pivot is 1680.
bounce down @ 1640 noted.
weekly lows 1544-55.
Silver
$35 2012 single yearly pivot.
$33 1st quarter pivot
2nd weekly close below $30 is noted.
weekly pivot 30.60
the question of the week is will we have a weekly close above 30.60 ?
(Last year at this time we had a weekly close of 30.88 , up from a open of 29.28).
weekly lows 27.65
tue.daily
$30.07
29.31
28.55
As it stands of fri. close im looking at 1614 area as the single yearly pivot.
weekly pivot is 1680.
bounce down @ 1640 noted.
weekly lows 1544-55.
Silver
$35 2012 single yearly pivot.
$33 1st quarter pivot
2nd weekly close below $30 is noted.
weekly pivot 30.60
the question of the week is will we have a weekly close above 30.60 ?
(Last year at this time we had a weekly close of 30.88 , up from a open of 29.28).
weekly lows 27.65
tue.daily
$30.07
29.31
28.55