Archive for the ‘si3’ Category

Silver Continues Its Downward Trend Into a Flat Friday

The price movement for silver this week continued to match up well with a down week having a large range day on Wednesday (LRwed tab):

Down Week in Silver with Large Range Wednesday

The week that tends to follow shows rallies on Tuesday and Friday, a flat Wednesday and Thrusday, and a large range, down trend Monday.  With such a strong down trend, Monday seems to be a decent candidate for checking the continuation of the trend. A week downward or flat Monday could setup the Tuesday or Friday rallies.

Silver Price Movement Following a Down Week with a Large Range Wednesday