OTCPK:CRZNF - Post by User
Comment by
RMC12345on Apr 02, 2014 6:24pm
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Post# 22402854
RE:RE:Hang on !
RE:RE:Hang on !I'm not expecting the silver price to fall much more if any because it looks like the silver market could now be at a bottom if you look at the one year daily chart for SLV, iShares Silver Trust on the NYSE.
The low was last July, with a higher low Dec thru' Feb and a higher low at the end of March. Also the 50-day and 200-day moving averages are flattening out after having been in a long downtrend. I am expecting to see the 50-day MA cross the 200-day MA soon. Also it looks like the MACD is about to turn upwards and the RSI is coming out of an oversold position. These all are bulish signs. See SLV on stockcharts.com