Analysis of Silver’s Spectacular Crash
The MarketOracle reported on Silver’s Spectacular Crash:
Silver did exactly what was predicted in last weekend’s update – it bounced off the support of its long-term uptrend line before reversing and crashing through it spectacularly on Thursday, but then on Friday it bounced back strongly in the late trade, leaving behind a bull hammer on the chart, leading bulls to declare that “the correction is over”. The questions therefore are “Was it a correction and is it over?”
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Tue, Feb 9, 2010
Post by Melissa Pistilli, Silver Senior Reporter