| 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 - 7/24/2008
The metal failed to remain above the 61.8% correctional level but despite that we see the chance for a corrections to the upside. Prices in general have been trading sideways over the medium term between 18.80 and 16.20.
The trading range is seen among 16.80 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
| Support | 17.20 | 17.05 | 17.00 | 16.80 | 16.55 |
| Resistance | 17.50 | 17.86 | 18.24 | 18.30 | 18.44 |
Recommendation | ... | ||||
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