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Fundamentals

Fundamental analysis for precious metals silver - 5/7/2008

07 May, 2008 @ 02:51 am EST
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The silver continued climbing to the upside after holding above the major support level at 16.61 to continue rising reaching the key resistance level at 16.97, with the buying pressure to continue we might see the silver rising up to 17.34 levels.

The trading range is among the key support level at 16.40 and the key resistance level at 17.35.

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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