Fundamental analysis for precious metals silver - 1/7/2009

07 January 2009 @ 02:51 am EDT

The fall didn't continue yesterday for long as it rebounded back to the upside but failed to form a top higher than the previous top during the beginning of the week and therefore the downside trend remains dominating silver. We see the metal in an overbought area on the stochastic indicator on the four hour charts where from there we expect to see high volatility with slight tendency to the downside.

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