Fundamental analysis for precious metals silver - 11/19/2008
19 Nov, 2008 @ 03:21 am ET | written by ecPulse.com
Not much change since yesterday except that we now see silver being overbought on the stochastic indicator where we don't expect trading to be above the key resistance for the descending channel at 9.83.
The upcoming trend is to the downside if trading remains below the mentioned level. The trading range for today is among the key support at 8.17 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.
| Support | 9.50 | 9.25 | 9.12 | 8.95 | 8.77 |
| Resistance | 8.70 | 9.83 | 9.93 | 10.11 | 10.34 |
Recommendation | ... | ||||
For more forex information, go to www.ecpulse.com
Related Articles:
- Yen Finishes the Year as Biggest Gainer Jan 01, 09



US
UK
Chinese
Japanese
Hong Kong
Spanish
Deutsch
Portuguese
Korean
French
Russian
RSS Most read
Australia
Canada
EMU
Japan
Swiss
England
US


