As shown on the chart below, silver has bounced right at an exact .382 retracement in log scale on the long term chart. A confluence of several different timing methods lined up on 6/28/13 just as silver hit the .382, so there was a price and time squaring which may add to the significance of the low. I still favor lower prices later in the year and into late 2016 or early 2017.
Kim Rice 7/1/13
