A silver trading range Clif Droke SSR snippet April 21, 2005 Below is an extract from Clif Droke's latest Silver Strategies Review. You can subscribe to the Silver Strategies Review here. It has been an extremely volatile month for most commodities since we last examined the silver market. The white metal by contrast has remained relatively subdued by recent standards between the $7.00 area support we mentioned last month and the $7.50 resistance. What will it take to send a buy signal in the near-term? A 2-day close above $7.50 would be required to send a confirmed short-term buy signal as it would put silver above its major nearby resistance and would also be sufficient to turn those vital short-term moving averages up. Based on silver's past trading history, at least two of the three dominant short-term moving averages (30-day, 60-day, and 90-day) should be upward trending before silver is in a confirmed bull market phase. As it stands now only one of them - the 60-day MA - is tilted upward while the other two moving averages are downward tilting. What this suggests is that the trading range that silver has established in recent months is likely to continue for the foreseeable future. However, this doesn't necessarily mean there aren't any good trading opportunities - quite the contrary. As the stock section below uncovers, there are some "oversold" low-priced silver shares that seem poised for at least a technical rally in the near-term. We may have to wait a while for the next sustained uptrend in the silver market, but a trading range environment also presents its share of opportunities... Lots more follows for subscribers. You can subscribe here, --Clif Droke Publishing Concepts website: http://www.clifdroke.com/ email: clif@clifdroke.com Clif Droke is the editor of several subscription services including: 1) The Gold Strategies Review, a monthly forecast & analysis of gold and silver futures and precious metals stocks. Published online. $200/yr. 2) The Durban Roodepoort Deep (a.k.a. The DROOY Report) for traders, published online every trading day. Aimed at serious day and short-term traders of Durban Deep and followers of the XAU & HUI index. DROOY Subscribers are billed monthly $50/month. Two week 'trial' subscriptions now available $25, here. 321gold Inc