| Global Interest Rates | |||
Australia |
7.25% | ||
Canada |
3.5% | ||
EMU |
4% | ||
Japan |
0.5% | ||
Swiss |
2.75% | ||
England |
5% | ||
US |
2.25% | ||
The Silver declined last week after forming a reversal pattern to the downside as it trading targeting the key support level at 17.32 with high bearish momentum, and the technical indicators point out to the continuation of the pattern today as well.
The trading range for today might be among the key resistance level at 18.20 and the key support at 17.40.
The general trend is to the upside as far as 13.20 remains intact, targets now are at 22.00 and 25.00.