Precious Metals Silver Analysis 11/08
Experts say that sideways trading has begun taking over the silver amid a lower trade volume despite that the upside remains intact towards 11.05-09, although the silver may decline as it gathers momentum to continue the upswing.
The overall trend is toward the downside, as far as 14.70 remains in place, with a target set at 8.05 and 7.60, while Silver futures for March delivery lost 3.6 cents, or 0.3 percent, to nearly $10.27 an ounce on the Comex.