Silver Trend! 17-01-2012Technical:
Buy silver above $29.950, take profit in stages at $30.300,$30.700 and $31.200. If silver breaks $29.650 level downside targets will $29.450,$29.200 and $28.900.
Fundamental:
Silver inched up in early Asian trading on Tuesday, as the market reacted on the release of China's economic growth data. Chinese economy grew 8.9 percent from a year earlier in the fourth quarter, beating a forecast of 8.7 percent by economists polled by Reuters, although it was the slowest growth in 2-1/2 years.
By
M.Zohaib Gadit
Forex Trading Consultant
Buy silver above $29.950, take profit in stages at $30.300,$30.700 and $31.200. If silver breaks $29.650 level downside targets will $29.450,$29.200 and $28.900.
Fundamental:
Silver inched up in early Asian trading on Tuesday, as the market reacted on the release of China's economic growth data. Chinese economy grew 8.9 percent from a year earlier in the fourth quarter, beating a forecast of 8.7 percent by economists polled by Reuters, although it was the slowest growth in 2-1/2 years.
By
M.Zohaib Gadit
Forex Trading Consultant
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