Hi spiky,

The chart I saw for 18th Aug, the resistance level was at USD 42. The latest one was moved a little higher to USD 43 due to their calculation of RSI. Sorry, I'll try not to be too technical about it.

Here's another chart which shows the silver breaking thru and moving back to the channel, it means there are people trying to keep it from breaking thru, but once it break all charts resistant level, it will chase after gold like nobody's business.





These charts are from kitco silver page, Again, evenryone has their own interpretation of charts, that's why the market is so fun and the person who can predict 95% of the time right, he should be working for bank as fund managers. I'm NOT one of them, just a interested investor who is too poor to buy gold.

My final 2 cents worth, just like stock market, if you want to catch the early trend, you must monitor the price movement very closely especially when US/Europe market open, that's almost 24 hours of non stop monitoring. Once you buy, next step is to plan at what price to sell, if you are not a collector. Don't get greedy, start the selling process when it hit your price, keep some of them if you want, then stop monitoring the price.

Don't flame me o.k? It's what I learn from other guru, I'm thinking out loud, anyone else have alternate views please share, there's no right or wrong, this forum is about investment anyway..

I'm aiming at selling around USD 47 - USD 50 level.

By the way, at the time I'm writing this, it is DEAD at USD 43. If we see heavy volume transacted, it means some big player (probably JP Morgan) is trying to keep the price low.

chef..