Daily Silver Technical Update and Forecast(JANUARY 07,2013)

Silver Daily Technical Analysis and Outlook:

Silver came down sharply just as expected and bounced nicely off the lows around 29.26 a few cents short of the target zone around 29.05-28.75. It looks like now prices must go higher and test the resistance zone around 31.05-31.31. The low at 29.26 must hold a breach of which would signal a move towards 28.75-28.54 at least and then possibly 28.05-27.55 zone.Support at 29.84-29.70.
Happy Trading..

---

---