The last day of trading this second week of July 2012 is Friday 13.
Silver spot traded in a range between 26.5 and 28 all week long and the silver chart shown here shows the results.
There remained much speculation about the possibility that some countries would soon start releasing money into the banking system in order to stimulate national economies. This speculation of quantitative easing might have been the catalyst that held the price of silver from dropping below the triple bottom 26 level.
Another factor that may have held silver above 26 might have been the par with expectation economic data that came out of China. Par is better that negaive. Should a few more par of better than expectation data reports come out in the next weeks then this might also feed the bull silver buyers a jolt and send the silver price rallying to 29 or 30 or maybe even higher iif and when.
On Friday 13 that is how silver news rally interpreted the week of silver trading.
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