Copper $ 5.359 / lb -2.36%

Brent Crude Oil $ 61.12 / bbl -0.78%

Palladium $ 1542.7 / ozt 0.44%

Crude Oil $ 57.44 / bbl -0.78%

Natural Gas $ 4.113 / Btu -2.79%

Silver Futures $ 62.007 / ozt -3.09%

Aluminum Futures $ 2788 / ton 0.00%

Micro Gold Futures $ 4360 / ozt 0.37%

Micro Silver Futures $ 62.007 / ozt -3.08%

Platinum $ 1762.5 / ozt 2.89%

Gold Futures $ 4328.3 / ozt 0.45%

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Technical Analysis – is it a blow-off top for silver?

Mineweb | April 26, 2011 | 7:47 am Precious Metals Silver

Is it a blow off top? That is the question on the Street Monday in the wake of July Comex silver’s surge to pennies below the psychologically significant $50.00 an ounce level, before it reversed and plummeted to the lower third of its daily trading range.