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Fundamentals

Forex Center > News > Fundamentals

Fundamental analysis for precious metals silver - 7/17/2008

17 Jul, 2008 @ 03:21 am EST

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Silver is well above the 38.2% correctional level and is maintaining the level better than any other precious metal which shows a stronger bullish momentum. From here we expect that remaining above 18.70 will initiate a new upside wave.

The trading range is seen among 18.30 support levels and 19.75 resistance levels.

The general trend is to the upside as far as 14.50 remains intact with target at 20.90

Support

18.70

18.45

18.35

18.20

17.92

Resistance

18.90

19.00

19.35

19.60

19.75

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