silver prices outlook On FOMC Rate Decision jan 25 2012

silver prices outlook On FOMC Rate Decision jan 25 2012 : the FOMC decision and its implications for the inflation outlook will be the critical driver of silver price action today. The technical setup is little changed from yesterday. Prices are edging lower after showing a bearish Spinning Top candlestick below rising channel resistance, with sellers aiming for initial support lines up at 31.04. The channel top is now at 32.91.

Spot Silver (NY Close): $32.06 // -0.28 // -0.87%

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