Market Analysis for Oct 25th, 2005

Spot Silver prices are up about 2% as well today, as they follow the lead of gold prices... You can see from the enclosed spot Silver chart that prices could be on the verge of upside acceleration within a matter of hours...

For those of you who cannot or will not use Dec. silver futures to participate in the anticipated upmove, a couple of equities, CDE, and PAAS, are silver mining stocks that appear to have considerable upside from current levels.

In the case of CDE (3.97), as long as critical support between 3.60 and 3.40 remains intact on any forthcoming weakness, my work points to 5.00 as the next meaningful target zone...

In the case of PAAS (16.76), as long as critical support between 15.20 and 14.75 remains intact on any forthcoming weakness, my next optimal target is 20.00. Be advised, that PAAS is a very volatile stock, and MOVES....and is NOT for the faint of heart...

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