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Thursday, March 15, 2012

Trading Physical Silver: PART III

Posted by Charleston Voice, 3.15.12

HOW TO INCREASE YOUR NUMBER OF SILVER OUNCES ...PART I
Trading Physical Silver - PART II

Well, here we still are patiently awaiting another downdraft in silver's price so as to acquire more ounces.

Right now, on 3.20.12 we're looking at supports of $31.60, and then $29.43.....then?
As we're longer term bullish, we're eager to buy back, but must remain disciplined! To break even we need a price of $32.07  to cover buyback sales charges which will apply.

We're now looking to the weekly indicators to give us the bearish signals we're looking for.

Again, we do NOT recommend selling any silver at this late stage of a cyclical pullback! Use this time to bone-up on your own strategies when it comes again!

Click image to enlarge