Daily Silver Technical Update and Forecast(13 February 2014)

Silver Daily Technical Analysis and Outlook:

We retain our bullish outlook. The support at 19.60-19.30 was breached and prices spiked and registered low at/around the 18.93 area.

Prices before charging higher may revisit the support levels at 19.63-19.44. Initial upside targets at 21.46-21.84. A breach of the low at 18.93 will cause the downfall to accelerate. However this a less likely outcome.

Happy Trading..

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