Commodity Prices

Gold •402 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,339.60	-14.60	-1.08%
WTI Crude •1 day	63.88	+0.00	+0.00%
Gasoline •1 day	2.086	+0.009	+0.41%
Ethanol •402 days	2.161	+0.000	+0.00%
Silver •402 days	30.82	+1.16	+3.92%

Silver • 402 days	30.82	+1.16	+3.92%
Copper • 402 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	66.59	+0.16	+0.24%
Natural Gas • 1 day	2.990	-0.077	-2.51%
Heating Oil • 1 day	2.279	+0.013	+0.55%

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Silver: Fading Near its Declining Trendline

By - Jul 25, 2013, 5:47 AM CDT

Silver is fading near the resistance implied by its declining trendline (around 20.63). Hourly supports can be found at 19.71 (38.2% retracement of the recent bounce) and 19.26.

In the longer-term, the downside risk implied by the break of the strong support at 26.07 (26/09/2011 low) is 18.13. A key support can be found at 17.06 (05/05/2010 low). The recent rise is viewed as a short-term rebound as long as the resistance at 20.70 (previous support, see also the declining trendline) holds.

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