Fundamental analysis for precious metals silver - 9/19/2008

19 September 2008 @ 03:21 am EDT

Strong sideways movements keeps the short term trend to the upside yet on the other hand, in order to maintain the upside movements trading must be above the 11.40 level which is the 20 day moving average on the four hour charts which is also supported by the resistance level for the downside short term trend. If trading remains above the mentioned moving average, we expect the metal to reach the 13.00 level.

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