Thursday, March 25, 2010

Chart of the day is.....

...silver, monthly candles.

I don't pay much attention to the price of silver normally, but it's quite an interesting chart on the longer, monthly view. The MACD and RSI squiggles register bullish over the last year (today included), but they also say "there's more room to run".

Meanwhile, we're being backstopped at $16 and then $14, to this untrained eye at least. Gotta love them squiggles.