Quote:
Originally Posted by Houdini
From a technical perspective, SLV hit the bottom trend line on the mark today. It has the potential to bounce from here to reach the $34-36 level. Any drop below the current support and you're probably looking at $25 silver soon.
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if the blowoff top is the start of a bear trend, then the bottom trend line should start at the may low. The lower lows, this being the third free fall in 6 months, indicate more downside to come. next few days will tell.
