Daily Silver Technical Update(DECEMBER 17,2012)

Silver Daily Technical Analysis and Outlook:

The trend is still down. Prices came very close to the upper end of the mentioned target zone at 32-31.50. A minor rally towards 32.75-33.05 could be possible after which prices must continue working lower. However if 33.80 is breached on a closing basis then prices will have a bullish bias.
Happy Trading..

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