The bottom may not be quite in yet. But it sure ain`t gonna half in price. :rolleyes: But, here`s the deal, The dollar is now in the oversold position with the stochastic. We are dealing with multiple situations news wise this week and coming weeks. If the dollar rallies, can silver go against the trend and rally along with it ?
Silver touched the 50 MA line friday and popped up. The 50 MA is closing in on crossing over the 100 MA which should be bullish. The stochastic bottomed out for now so there are indicators pointing to higher prices while some of the other indicators need some adjustment to show a 100 % upward movement. Hard to tell if the 50 MA will continue the upward path but if it does Silver may ride that wave as it has done before in bullish enviornments.
Gold is just under the 50 MA which may experience some resistance riding above.
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