The patterns in Silver on 1/4 suggested that very strong resistance was at hand and at a minimum it would be prudent to establish very tight stops to protect current values.  (see post here)  Due to this key resistance, many blog viewers are “scoring on defense” by owning ZSL.  I have received numerous emails asking where Silver might find key support.  See below for pattern thoughts…



Game Plan….For those scoring on defense in ZSL, keep a 8% stop in place.  If the decline becomes dramatic or picks up a ton of speed I will update this chart.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past