Thursday, March 02, 2006

Silver long term charts

What a $ilver day!

Strikes that shut most Mexican mines and a bullish inverted head and shoulders pattern fueled an impressive rally of 0.50$ , that’s the first time in 22 years that silver is trading above 10$ per oz . I see this event as a major bullish sign for both silver and gold, silver is finely trading at double digit figure. Gold had a good day but a bit boring compared to the silver action, the gold / silver ratio declined sharply.

Click on the charts below to enlarge

silver long term chart linear

silver long term chart log

gold silver ratio chart

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