9 day moving average - $14.015
14 day moving average - $13.752
40 day moving average - $13.004
Silver rose with gold as the US dollar declined in a day when stock markets which had influenced much of the precious metal’s direction lately, were largely flat. Technical strength returned when support provided by the 14 day moving averages held and silver climbed back above the short term M.A. Overall silver settled 39 cents higher breaching again the $14.00 mark to finish at $14.180/oz.
The short and the medium term trends are sideways while the long term trend is bullish.
Support: $13.730 (yesterday’s low) Resistance: $14.600 (high of 24/02/09)
Support: $13.615 (low of 18/05/09) Resistance: $14.380 (high of 13/05/09)
Support: $13.410 (low of 20/03/09) Resistance: $14.290 (yesterday’s high)