Fundamental analysis for precious metals silver - 11/26/2008

26 November 2008 @ 03:21 am EDT

Silver is heading to the upside targeting 11.09 at least which was validated since the metal managed to breach the main resistance level for the downside trend, the remaining resistance level that can stop silver from setting the targets is seen at 10.46 which if breached will indulge the metal in a clear upside wave, high volatility is to be seen as momentum indicators re starting to show buying saturation for the metal.

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