| 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 - 7/23/2008
Again, failure to remain above the 18.30 level has forced the metal to try to build a solid base above one of the correctional levels and today it seems like the 61.8% level at 17.48 will be the obstacle for the downside correction. Building a solid base above this level will allow the metal to incline once again above 18.30. Other than that, the sideways pattern will be visible on the medium term and head towards the key support below 17.00.
The trading range is seen among 17.02 support levels and 18.44 resistance levels.
The general trend is to the upside as far as 14.50 remains intact with target at 20.90
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