| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Fundamentals
Fundamental analysis for precious metals silver - 4/23/2008
Silver traded to the upside reaching the 18.00 levels acquiring back its previous two-day losses providing upside potential still for today though it is expected for silver to decline to the major support level at 17.50 before inclining back to 18.00 levels.
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.
| Support | 17.48 | 17.27 | 17.04 | 16.85 | 16.67 |
| Resistance | 17.80 | 18.06 | 18.22 | 18.50 | 18.83 |
Recommendation | We expect buying Silver above 17.45 with targets at 17.97, stop loss below 17.15 | ||||
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