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Fundamentals

Fundamental analysis for precious metals silver - 7/4/2008

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04 July 2008 @ 05:51 am EST
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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.

Support18.10 18.00 17.65 17.50 17.30
Resistance18.30 18.40 18.55 18.65 18.70

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