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Fundamental Reports

Fundamental analysis for precious metals silver - 11/6/2008

06 Nov, 2008 @ 03:51 am EST
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We still await the breach of the 38.2% corection at 10.54 or the ascending channel with the key support at 10.19 where from there we see that trading within the two levels will not specify a direction unless the upport or resistance are breached. We expect volatility during trading for today.

The trading range is among the key upport at 9.41 and the key resistance at 11.16.

The general trend is to the downside as far as 14.70 remains intact with targets at 8.05 and 7.60

Support10.19 9.96 9.94 9.76 9.41
Resistance10.46 10.54 10.61 10.85 11.16

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