Daily Silver Technical Update and Forecast(3 April,2013)

Silver Daily Technical Analysis and Outlook:

The zone around 28.30 was crucial as mentioned in the update. And with the break of the mentioned level the downside price action accelerated testing our target around 27.50 and moving much lower to test 26.90.

Bears must be in force until the 28.45-28.82 zone is breached.However,on the short term we could see some minor bounce ending in the 27.59-27.85 zone

Happy Trading..

---

---