SEPT 25 THURSDAY
SHORT TERM TREND : BULLISH
LONG TERM TREND : BULLISH
S1 RS 20710 , S2 RS 20480
R1 RS 21040 , R2 RS 21280
STAY LONG.
Silver futures for December delivery climbed 27 cents, or 2.1
percent, to $13.44 an ounce. The metal still has fallen
9.9 percent this year.
The plan to rescue the U.S. banking system will erode the
appeal of U.S. Treasuries and drive down the dollar, analysts
said. Investors outside the U.S. own 56 percent of the $4.8
trillion in marketable Treasuries outstanding, up from
42 percent of the $3.4 trillion five years ago, according
to data compiled by the government.
Compared to the volatility seen last week the metal
is looking calmer .
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