Intraday Market Thoughts

Archived IMT (2009.03.06)

by Ashraf Laidi
Mar 6, 2009 18:39

SILVER reclaims its 200-day moving average to headback towards its 12-month trend line resistance. Look for a break of 13.52--50% retracement of the 14.6-12.4 move, which would pave the way for the 14.00 figure. Silve is up 62% off its lows versis only 42% for gold, but the technical upside remains greater. As gold resumes its path towards $1,050, silver carries is likely to ride into these gains. Support stands at 13.0.


Latest IMTs