Chartology: Silver Bounces Off Critical Support

Over the past year, Silver prices have tested critical support near 25 dollars three times. Question is, will it hold again? And is three times really a charm? No doubt bulls and bears are eyeing that level — you should too. The wedge is tightening and a larger move appears likely in the coming months. Note Silver is also near its 4 year trend line on the weekly chart.

silver prices


silver price chart

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Silver price chart with support and resistance levels as of July 3, 2012.  Important support for Silver at 25 dollars. Silver index stock ticker SLV. 


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