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

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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.

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

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