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Wednesday, November 19, 2008

UPDATES ON NOV 19 2008

NOV 19 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 16210 , S2 RS 16040

R1 RS 16465 , R2 RS 16580

Silver fell over 2% to $9.137 and rallied as much as

4.2% to $9.752 before it also fell back off in the last

hour and a half of trade, but it still ended with a

gain of 2.03%.

Silver was even quieter than gold.Although the metal

continues to broadly track gold , movements are being

exacerbated by low volumes.

Silver closed at $ 9.35 .

Support is at $ 9.21 , $ 9.06 .

Reasistence is at $ 9.56 and $ 9.76 today.

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