Silver Market Update

By Clive Maund
30 November 2009 @ 06:59 am EDT

While gold has soared in recent weeks silver has put in a plodding performance unable, thus far at least, to break above the zone of major resistance and the return line of the uptrend channel in force from late last year shown on our 2-year chart. Of course, if gold marshalls itself soon and resumes its advance then we can expect silver to overcome these restraining influences. However, if gold now reacts further, which looks likely for reasons set out in the latest Gold Market update, then silver can be expected to drop back towards the lower support line of the channel, currently in the $15.70 area.

For more commodities information, go to www.clivemaund.com

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy