NOV 24 MONDAY
SHORT TERM TREND : BULLISH
LONG TERM TREND : BEARISH
S1 RS 16310 , S2 RS 16180 , S3 RS 15980
R1 RS 16640 , R2 RS 16810 , R3 RS 16980
Silver prices have been under pressure for some
time now. In the London spot market on Friday
the AM Fix was at $ 9.17 an ounce versus previous
days $ 9.39 an ounce.
According to the GFMS silver market review ,
in the short term prices may rally on the back of a pick
up in investor interest , despite weaker fabrication
demand .
In 2009 GFMS expects silver prices to average $ 13
an ounce , although independent experts are not so
upbeat.
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