Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis.
I'm gonna do a quick run up here because there's not much to be said. At least, I was not particularly captivated by the action today so no need to waste too much of my or your time.
Orko Silver opened at 0.95 which sadly also happened to be the high of the day. The rest of the day saw some action at 0.94 and a low of 0.93.
At the end of the day that leaves us nowhere still and at a close of, you guessed it, 0.95.
I'm still looking at a soon to transpire bullish crossover on the MACD diagram so still looking higher. Trend is up, if not today, then tomorrow, if not tomorrow then next week but the 1.00 will be broken and it is my opinion that we will not see lower prices again when we do.
Gold did manage to pull a big notch higher today, silver however decided to build momentum first. At least, that is what I'm hoping for ;-)
We will see what Friday has in store. Tomorrow I will have more time to do a full review. Till then!
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![Live 24 hours silver chart [ Kitco Inc. ]](http://www.kitco.com/images/live/silver.gif)
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Bit of a down day for the commodities market. This might be a good chance to close the gap we still have and be done with it.
ReplyDeleteThat would mean a drop to 0.88 before we rise again.