Weekly Silver Reoprt - Welcome To The Pullback

So far, so good and welcome to the "pullback" move.

Two weeks ago, I posted that I expected Silver to run to $30 per ounce, followed by a "pullback" prior to any continued run to the upside. Silver hit a HIGH of $29.91 per ounce, close enough to $30 to count and now we are in the "pullback".

Read All About It: Weekly Silver Report

Silver remains in an UPTREND. An uptrend is defined as a series of HIGHER HIGHS and HIGHER LOWS. Unless silver drops below $24.42 per ounce, the last "LOW", then silver will remain in an UPTREND.

source: JM Bullion

The premium went up to north of $7 per American Eagle.

Peace Out and Stack On!