| Global Interest Rates | |||
Australia |
7.25% | ||
Canada |
3.5% | ||
EMU |
4% | ||
Japan |
0.5% | ||
Swiss |
2.75% | ||
England |
5% | ||
US |
2.25% | ||
Trading for silver is still confined among 38.2% and 50.0% Correctional Levels and the decline yesterday provided more upside momentum as the 38.2% at 18.00 is capable of providing demand until now, and as long is trading is above this level targets are most likely to be set at 50.0% of 18.65.
The trading range is seen among 19.10 resistance levels and 17.65 support levels; while the pair's general trend is to the upside targeting 20.90 with 14.50 intact.
| Support | 18.10 | 18.00 | 17.65 | 17.50 | 17.30 |
| Resistance | 18.30 | 18.40 | 18.55 | 18.65 | 18.70 |
Recommendation | |||||
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