July Silver Futures Prices Close Near Session High

Jun. 12, 2012 02:03PM PST

Forbes reported that July COMEX silver last traded up $0.259 at $28.875 an ounce.

As quoted in the market news:

Bears have the slight overall near-term technical advantage. Bulls’ next upside price breakout objective is closing prices above major psychological resistance at $30.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid technical support at the June low of $27.17. First resistance is seen at Tuesday’s high of $29.05 and then at $29.50. Next support is seen at Tuesday’s low of $28.315 and then at $28.00.

Click here to read the full Forbes report.