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Wednesday, October 15, 2008

UPDATES ON OCT 15 2008

OCT 15 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 18620 , S2 RS 18480

R1 RS 18980 , R2 RS 19140

SELL AT RESISTENCE.

December silver rose 2.5% to $11.06 an ounce.

Silver rose throught the day ignoring golds decline

in US and Europe.After gaining $ 10.27 in Asia

to a high of $ 10.82 , the metal briefly gave up some

gains before US market opened towards $ 10.40.

At these levels buying resumed and Silver pushed

on to close at $ 10.73 .

Support continues in Asia with silver attempting

to break above $ 11.

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