| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Fundamentals
Fundamental analysis for precious metals silver - 7/9/2008
The trend is still clearly to the downside with no attempt of breaching the 18.30 resistance level. The upside movement remains valid only if the metal is able to exit the over bought area on the short term momentum indicators.
The trading range is seen among 17.70 support levels and 18.30 resistance levels.
The general trend is to the upside as far as 14.50 remains intact with target at 20.90
| Support | 17.70 | 17.56 | 17.40 | 17.30 | 17.21 |
| Resistance | 17.91 | 18.00 | 18.07 | 18.20 | 18.30 |
Recommendation | ... | ||||
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