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Wednesday, August 28, 2013

Daily Silver Technical Update and Forecast(28 August 2013)

Silver Daily Technical Analysis and Outlook:

The move from the low at 18.20 looks impulsive and is close to its completion. We could see prices reverse from 24.98-25.25 zone. The initial downside target remains at 23.63. A lower possibility outcome is that with the breach of  24.98-25.25 price area we could see a move towards 26-26.25 zone. Overall we are looking for a nice reversal from this area. 
Happy Trading..