Daily Silver Technical Update(DECEMBER 21,2012)

Silver Daily Technical Analysis and Outlook:

It was an accelerating move to the downside. Silver tested the support zone around 29.76-29.65. Until this zone hold prices must bounce higher testing 30.22-30.60. While a break below the support zone would suggest a move towards 29.05-28.75 and 28.56-28.24 and a further break would signal a much lower move towards 27.56-27.25.
Happy Trading..

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