Silver To Shine Again?

June 6, 2002
Dave Landry

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.

July silver
(
SIN2 |
Quote |
Chart |
News |
PowerRating) reversed back in the direction of the trend on
Thursday. This action suggests it has the potential to resume its uptrend out of
a pullback.

The Dollar resumed its slide on Thursday. Looking to the inverse currencies,
the June Japanese Yen
(
JYM2 |
Quote |
Chart |
News |
PowerRating) may be the next currency to play “catch
up” to the rest.