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Fundamentals

Fundamental analysis for precious metals silver - 4/24/2008

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24 April 2008 @ 02:51 am EST
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The silver dropped yesterday fiercely exceeding the major level at 17.44, reaching to the key support level at 16.96; this movement came after some negative signals where confirmed at the key resistance 17.86 levels, where the hoary touched this level at the early trading session yesterday. Expectations show that the silver might move to the upside in a slight movement.

The trading range for today might be among the key support level at 16.40 and the resistance level at 18.00.

The general trend us to the upside as far as 13.20 remain intact, targets now are set at 22.00 and 25.00.

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