| Global Interest Rates | |||
 Australia |
4.25% | ||
 Canada |
1.5% | ||
 EMU |
2.5% | ||
 Japan |
0.1% | ||
 Swiss |
0.5% | ||
 England |
1.5% | ||
 US |
0.25% | ||
Fundamentals
Fundamental analysis for precious metals silver - 10/14/2008
As we pointed out yesterday, the metal is trying to build a solid base above the 10.90 level yet the upside direction is weakening and therefore we are expecting to see downside movements taking silver to 10.75 at the very least before reaching 10.35 only if trading remains below 10.90.
The trading range for today is among the key support at 9.75 and the key resistance at 11.53; whereas the general trend is to the downside as far as 14.70 remains intact with targets at 9.50 and 8.05
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