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Wednesday, December 31, 2008

UPDATES ON DEC 31 2008

DEC 31 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BULLISH


S1 RS 17810 , S2 RS 17680 , S3 RS 17460

R1 RS 18140 , R2 RS 18280 , R3 RS 18430

WAIT FOR CONFIRMATION.


March silver futures rose 17 cents to end at $10.98 an ounce.

Silver initially garnered support in Asia rising from $ 10.71

to $ 11.04 before slipping to $ 10.82 .

It rose again in London as the dollar weakened further.

After spiking to $ 11.26 in Newyork the metal eased

to $ 10.80 at the close.

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