Fundamental analysis for precious metals silver - 9/25/2008
25 Sep, 2008 @ 03:51 am ET | written by ecPulse.com
We are still witnessing sideways movements by the metal with tendency to the upside since the 12.90 level was breached which is the key resistance for the downside trend where the metal was able to reverse to the upside. We expect the continuation of the upside trend as it adjusts from the neutral trend perhaps taking us to 13.84-13.90 at the very least.
The trading range for today is among the key support at 12.50 and the key resistance at 14.10
The general trend is to the downside as far as 18.30 remains intact with targets at 12.50 and 10.50
| Support | 13.10 | 13.00 | 12.90 | 12.75 | 12.50 |
| Resistance | 13.55 | 13.85 | 13.90 | 14.10 | 14.20 |
Recommendation | ... | ||||
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