Silver Technical Precious Metals

- July 30th, 2010 reported on Silver Technical Precious Metals: reported on Silver Technical Precious Metals:

The metal inclined mildly once more, supported by the neckline of the previous proposed bearish classical pattern as seen on the provided daily chart. The negative technical facts that we discussed during the previous week continued appearing on the chart, while the descending channel still dominates the movements. From here, we believe that the metal is still gathering the momentum it needs to breach this aforesaid neckline, activating the potential bearishness during this week. Areas of 18.90 shouldn’t be breached to keep this outlook valid.

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