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To: ms.smartest.person who wrote (3111)5/22/2008 11:05:55 AM
From: ms.smartest.person  Read Replies (1) of 3198
 
Fundamental analysis for precious metals silver - 5/22/2008

Posted 22 May 2008 @ 02:51 am EST

Silver prices flew to 18.20$ per ounce targeting 18.70 with a very strong base even above the bands of the ascending channel it formed earlier, worth mentioning that the metal is already over bought yet the momentum is high to force it back even further.

The trading range is among the key support level at 18.70 and the key resistance level at 17.70.

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

Support 18.04 17.90 17.82 17.78 17.70
Resistance 18.22 18.35 18.42 18.56 18.70

Recommendation …


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