Tuesday, April 5, 2011

Silver - Regression and Retracement

And here is a quick chart for silver


Click for a larger image

Quite the parabolic move for silver. Same overlay as the gold chart - regression channel with a standard deviation of 1 and a Fibonacci retracement from the lows of August to December and January! Silver has had a much better run than gold in the that timespan. There was some hesitation around the 50% line, but it has been a runaway train since then. Looks like the $40.00 line could be a target.

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