Silver bull to keep running

- February 25th, 2009

Silver Investing News reports silver prices remained the same since last week’s gain. As investors seek the shelter of gold, silver also benefits as it, too, is seen as a safe haven asset. This renewed interest is pushing silver out of its slump. IBT Commodities and Futures believes “silver is gathering enough momentum to breach … Continued

Silver Investing News reports silver prices remained the same since last week’s gain.

As investors seek the shelter of gold, silver also benefits as it, too, is seen as a safe haven asset. This renewed interest is pushing silver out of its slump. IBT Commodities and Futures believes “silver is gathering enough momentum to breach the critical resistance around 14.70-14.85 areas.” As long as the $13.90 resistance level remains intact the intraday incline is expected to continue with a trading range for Monday between the key support at $13.50 and key resistance at $15.00. For now, the general trend is to the upside with a target of $16.50 as long as support at $12.00 holds.

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