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Friday, December 27, 2013

Daily Silver Technical Update and Forecast(27 December 2013)

Silver Daily Technical Analysis and Outlook:

As mentioned in our previous update, prices after testing the support level at 19.05-18.87 reversed and reached a high of 20.04 yesterday. Looking at the current scenario we think prices now will move in a range

Thursday, December 19, 2013

Daily Silver Technical Update and Forecast(19 December 2013)

Silver Daily Technical Analysis and Outlook:


After a  close below the mentioned support level at 19.94 market moved in a range between 20.26 and 19.67. The support zone

Wednesday, December 11, 2013

Daily Silver Technical Update and Forecast(11 December 2013)

Silver Daily Technical Analysis and Outlook:

The level at 20.087 was breached and prices made a high at 20.42. It now looks like the upward movement has now begun and the initial target zone is 21.46-22.17. After  the initial support at 19.94 is broken the support zone lies at 19.79-19.64. A close below 19.16 will decrease the odds of this bullish outcome.
Happy Trading.


Tuesday, December 10, 2013

Daily Silver Technical Update and Forecast(10 December 2013)

Silver Daily Technical Analysis and Outlook:

Price reverted back up on coming close to the 18.75-18.48 zone. Until we have a strong close above 20.087 prices can come back down to test the same levels. However,overall for the next few weeks we are looking for a move up to the 21.46-22.17 zone. A strong close above 20.087 will increase the odds of this outcome. The low at 18.20 is important and should hold for the bullish outcome
Happy Trading..


Tuesday, December 3, 2013

Daily Silver Technical Update and Forecast(3 December 2013)

Silver Daily Technical Analysis and Outlook:




It has been nearly three months since last update. However now we are at an important price position. We stand close to this end of this move down with the low at 18.20 holding the key. The reason being that this low looks like the bottom of a nice