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Fundamentals

Fundamental analysis for precious metals silver - 4/29/2008

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29 April 2008 @ 03:21 am EST
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The silver rose yesterday in an upside wave to reach to the resistance level at 17.11, as it did not breach the major support level at 16.74 at yesterday's early trading session. Expectations are that the silver will continue rising despite the existence of downside movement in today's trading session.

The trading range for today is expected among the key resistance level at 17.50 and the key support level at 16.40.

The general trend is to the upside as far as 13.20 remains intact, targets now are at 22.00 and 25.00.

Support16.85 16.67 16.50 16.33 16.16
Resistance17.04 17.27 17.48 17.80 17.98

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