Fundamental analysis for precious metals silver - 5/21/2008

By IBTimes Staff Reporter | May 21 2008 2:51 AM

Silver is still targeting higher according to all the indicators and all the patterns it's making, and the target now lies at 17.90 which if breached, will initiate new upside targets around 19.00. Today the upside direction shall continue with slight dips below 17.50.

Sponsorship Link

The trading range is among the key support level at 17.00 and the key resistance level at 17.90.

The general trend is to the upside as far as 13.20 remains intact, with targets at 22.00 and 25.00.

Support
17.56
17.45
17.32
17.22
17.05

Resistance
17.70
17.82
17.89
17.98
18.02

Recommendation

...

Euro Set For Another Week of Disappointing Data

Euro Set For Another Week of Disappointing Data

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

In Depth

How To Solve Pakistan’s Energy Crisis? Turn Off Air Conditioners, Wear No Socks

Pakistan's Creative Way To Solve Its Energy Crisis

The Sharing Economy: What You Need To Know Before You Sign Up

How To Get The Most Out Of The Sharing Economy

African Coins Found In Australia: 1,000-Year-Old Discovery May Rewrite Country's History, Was James Cook The First'? [PHOTO]

1,000-Year-Old African Coins Found In Australia May Rewrite Country's History

More Media Layoffs: Village Voice’s Michael Musto And Michael Feingold Fired; AOL’s Patch Hit Hard

Media Layoffs: AOL’s Patch, Village Voice Hit Hard

web counter