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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Silver may rise above $14 on technical signals, Citigroup says

Posted on 19 December 2008

From Bloomberg: Silver may rise to a four-month high of more than $14 an ounce, technical strategists at Citigroup Inc. said, citing charts that indicate future price movements.

The metal climbed above a 55-day moving average last week, a signal to some traders that the advance will continue. A rally and close above the moving average “suggests that silver could test the 200-day moving average currently at $14.49,” London- based Shyam Devani said….. Full Article: Source


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