Fundamental analysis for precious metals silver - 4/22/2009

22 July 2009 @ 05:10 am EDT

Silver also has respected the expected corrective actions which we mentioned in the mid-day report as it succeeded to relieve the indicators and gathered enough momentum around 11.86 zones whereas it started to build a bullish structure particularly if the volumes helped it to hit 12.05 zones which represents the pivot point of the intraday basis as shown on the hourly camarilla studies appeared on the subsidiary image. Stochastic supports this anticipated bullishness.

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