UPDATES ON JAN 21 2009

JAN 21 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 18310 , S2 RS 18180 , S3 RS 18030

R1 RS 18580 , R2 RS 18710 , R3 RS 18880.

March silver slid 0.4% to $11.175 an ounce.

Silver tracked Gold . After initially moving lower

in Asia , it bounced back to $ 11.25 and settled at

$ 11.16 in London.

Primary support is at $ 11.06 and secondary support is at

$ 11.44.

Resistence is at $ 11.31 and $ 10.95.