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Fundamental analysis for precious metals silver - 5/6/2008

06 May, 2008 @ 02:21 am EST

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The silver continued its reversal signals yesterday to the upside, to climb back reaching the major resistance level at 16.79, and which is obvious the silver will continue rising to the upside supported by a positive momentum and ensuring some of the technical signals which heads to the upside.

The trading range for today is among the key support level at 16.00 and the key resistance level at 17.00.

The general trend is to the upside as far as 13.20 remains intact; with targets at 22.00 and 25.00.

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