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Silver Wheaton Corp. Message Board

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  • chemaes44 chemaes44 Dec 7, 2005 8:31 PM Flag

    Spot Silver Price to SLW.WT correlation

    Enviro et all.

    I was having a little trouble understanding your response. This might have something to do with the lack of clarity in my original post.

    My original post really was asking how does one read support and resistance on a chart where the information is from over 20 years ago? I see a strong resistance/ support line from 1969 to 1988 for silver at roughly 10.50. There is another such line at 9->9.4.

    $10.50 resistance/support twenty years ago is not equal to today's dollars, so, do we adjust the $10.50 resistance/support into today's dollars. I know the fundamentals, I'm just trying to understand the technicals.

 
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