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Fundamental analysis for precious metals silver - 11/13/2008

13 Nov, 2008 @ 02:51 am ET | written by ecPulse.com


The pair continues to decline heavily after rebounding fromt he key resistance for the downisde channel that was confirmed during trading last Tuesday where it is expected to continue as far as trading is below 10.05 and targeting 8.79 on the short term.

The trading range for today is among the key support at 8.14 and the key resistance at 10.54

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

For more forex information, go to www.ecpulse.com

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