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Silver futures retraced 38.2 percent of the drop, tagged 39.35 area and promptly fell off a cliff. So even with the news of increased margins (I did not know about this) the technical picture makes sense.
Thanks fro a clear picture Vida. I noticed the rally volume decreased each up day also.
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Silver futures retraced 38.2 percent
SLV
Posted by Vida on 11th of May 2011 at 10:04 am
Silver futures retraced 38.2 percent of the drop, tagged 39.35 area and promptly fell off a cliff. So even with the news of increased margins (I did not know about this) the technical picture makes sense.
SLV
Posted by rbreese on 11th of May 2011 at 10:16 am
Thanks fro a clear picture Vida. I noticed the rally volume decreased each up day also.