Fundamental analysis for precious metals silver - 9/29/2008
29 Sep, 2008 @ 03:21 am ET | written by ecPulse.com
Even with the sterngth of the dollar wave, we see the 13.00 support level was able to help the metal rebound. Silver is consolidating on the four hour charts between the mentioned support level and the 13.80 resistance where we expect to see mixed directions within these levels.
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 | 12.85 | 12.67 | 12.44 |
| Resistance | 13.55 | 13.80 | 13.90 | 14.00 | 14.21 |
Recommendation | ... | ||||
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