NOV 6 THURSDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 16870 , S2 RS 16640
R1 RS 17360 , R2 RS 17540
STAY SHORT AT RESISTENCE.
December silver up 32.5 cents, or 3.2%, to finish at $10.455
an ounce after tacking on 3.9% Tuesday.
Silver tracked gold once again.But it was slower
to start its rise finding initial resistence around $ 9.85 and
$ 9.90 in early morning trade.
But once the metal broke above these levels it moved
rapidly higher after opening in New York at $ 10.13
it quickly reached highs of $ 10.53.Here the metal
faced stiff resistence and selling pushed silver all the
way down to a closing bud of $ 10.09.
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