More Pain Ahead for Silver

Silver stocks were hemmorrhaging today. And a look at a chart of silver reveals why. Silver broke down through the 50% retracement of its bull run on the daily charts...
What comes next? Perhaps a move down to 10.40, a move that could separate the men from the boys. Remember, though, that A) long-term uptrends STILL aren't broken and B) Silver can retrace deeper than this and it still will be in a bull market. Until the big trend changes, I'll keep playing that and using these corrections to add positions.

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