Silver Goes Vertical

After trading in the shadow of Wednesday’s chart overnight and throughout the early morning, silver has just broken algo control with a vertical move to the upside.   After breaking below $29.70 in early trading, silver has just shot up .80 nearly vertically to $30.59.

Gold has also made a strong move to the upside, and is back into the mid $1660’s.

 

2013 Silver Eagles As Low as $2.59 Over Spot at SDBullion!

 

Silver’s short covering pop through $30 to $30.50:

 

Gold following Wednesday’s price action, but yet to clear $1665:

 

While it is too early to call a bottom to the recent correction/ take-down post the QE4 announcement, the past 2 day’s action is encouraging to PM investors, as silver refuses to stay below $30, and gold refuses to penetrate $1650 to the downside.   Continue to watch these critical support levels during further attacks/ weakness.