July 30, 2012
Silver has not had 4 positive, green closes like it has the last 4 days since 1/16-1/23, when it had 6 consecutive positive, green days. Before then, it had, from 1/9-1/13, 4 consecutive green days. During this period, silver enjoyed a moon-rocket from $26 on 12/29 to $37.58 on 2/29. Are we on the verge of a dramatic move a la what we saw at the beginning of the year? It is tough to know, but the last four days have been some of the most positive action silver has seen in weeks. Just today, silver was good for nearly 3% in green moves.