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Thursday, April 20, 2006

Converging Silver Price Indicators Update



The right most dot provided by the equal spacing tool turned out not to be a 10th and final up day, but a reaction day. There was plenty of warning what silver would do by the silver overnight price action between the close of the COMEX on Wednesday and its opening on Thursday.

The next job is to determine when silver has bottomed and to draw what is probably going to be a more upward sloping longer term trend line.

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