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SILVER Bearish Outlook 1.4250, November 04, 2011 (Weekly Strategy) 2011-11-04


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SILVER

On the Comex division of the New York Mercantile Exchange, silver futures are trading day today at 34.06 dollars per troy ounce,

According to the technical analysts can see that price is just above the line of the weekly Pivot, we believe you expected to rise to the level of 38.00 this will be confirmed over the weekend if the price closes above 34.00. On the other hand, for the year will be expected to bear the price of silver touches the line of long-term trend, with a target to $ 28.00 per troy ounce.

Gerardo Porras is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.

Performed by Gerardo Porras, Analytical expert
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