Daily Silver Technical Update(JANUARY 02,2013)

Silver Daily Technical Analysis and Outlook:

Silver Price Chart

The recent price action suggests that the upward move is close to completion with possibly one or two upward pushes which should terminate within the 30.82-31.14 zone. After this the price action must turn to the downside with the breach of  30.25 being an initial signal of the lower prices ahead. Target at
29.76-29.65 and 29.05-28.75

Happy Trading..

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