RE: Is there light at the end of the tunnel?Silver itself looks weak for the next little while. With the last couple of days closing below $12.00. The neck line on a double top or head and shoulders pattern has been broken. If this is not a fake out, this patter indicates a target of $9.00 for sliver though $9.50 may be more realistic as it is the 200dMA.
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Silver looks that way, but I'm not sure the other precious metals look the same, will silver move alone or will all move to shoulder level???
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It's hard to tell, platinum looks ok. As for gold, it is just below its 50dMA so the next week is important. The 200dMA is at about 538 which is a long way down. On a 1 year chart the trend line is at about $600 wich may be a support if the decline in price continues.