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Fundamentals

Fundamental analysis for precious metals silver - 7/22/2008

22 Jul, 2008 @ 03:21 am EST
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Returning to levels above $18.30 gave silver enough momentum to the upside where this level represents the neckline to the upside channel targeting levels above $20.

The trading range is seen among 17.90 support levels and 19.35 resistance levels.

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

Support18.45 18.30 18.07 17.97 17.86
Resistance18.75 18.90 19.00 19.35 19.62

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