If we take a look at the silver price chart 1 year we can see something interesting.
What we should note is that the red highlighted section was a nice downward run.
The Yellow highlighted section is sideways movement. When you have a look at the green longer term support we have not gone down below that. Infact every time silver goes down to the green support line we bounce off it. We are close to that line, but its key to note above it is bullish, and below it would be very bearish, if it does break in 2013 this year.
|silver price chart 1 year|
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