OCT 9 THURSDAY
December silver jumped 43.0 cents to $11.81 an ounce.
Spot silver went out at $11.74 an ounce, versus the close
at $11.51 an ounce on Tuesday.
The Federal Reserve, the European Central Bank and four
other central banks lowered benchmark lending rates in
the face of the worst financial crisis since the Great
Depression. Equities in Asia and Europe fell, and
U.S. stock-index futures still headed lower.
Gold is up 9.5 percent this week.
Silver shadowed gold.Liquidity for silver is still
very little.Silver is batling for high ground as the
uncertainity about the economic outlook is
intimidating the metal.
Ptimary support is at $ 11.24 and Secondary
support is between $ 10.97 to $ 10.50.
Primary Resistence is at $ 11.81 and Secondary
Resistence is at $ 12.11.
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