MARKET TALK:Silver

 Comex March Silver Set For More Weakness

Comex March silver is set for more weakness to the
important $26.185/oz reaction low, says Francis Bray, Dow Jones Chief Technical
Analyst For Europe. This week's weakness confirms a bull failure at the Oct. 28
reaction high at $35.68, and a push into fresh session lows below $28.12 would
pave the way to the Sept. 26 reaction low at $26.185. A deeper move lower
towards $25.00 would be achievable on a display of sustained weakness.
Corrective gains are limited to former range lows at $30.74, that have reverted
to resistance. The Comex March silver future is at $28.85/oz.