Commodity Prices

Gold •625 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,970.50	+26.80	+1.38%
WTI Crude •17 hours	98.23	+2.68	+2.80%
Gasoline •17 hours	3.286	+0.159	+5.09%
Ethanol •625 days	2.161	+0.000	+0.00%
Silver •625 days	30.82	+1.16	+3.92%

Silver • 625 days	30.82	+1.16	+3.92%
Copper • 625 days	4.530	+0.111	+2.51%
Brent Crude • 16 hours	112.19	+3.54	+3.26%
Natural Gas • 17 hours	3.095	-0.071	-2.24%
Heating Oil • 17 hours	4.608	+0.266	+6.14%

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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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