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.

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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..

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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

Daily Silver Technical Update and Forecast(16 September 2013)

Silver Daily Technical Analysis and Outlook:

So far market has reacted as expected. Prices after testing the important resistance have come down nicely approaching our target for the final downside push. We will maintain the same outlook until we have any decisive break of the recent high at 22.39           

Happy Trading..

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Daily Silver Technical Update and Forecast(14 September 2013)

Silver Daily Technical Analysis and Outlook:

The initial downside target of 23.63 was reached the day after the update was made. Chances are that we are close to the end of this correction with one more push to the downside. After this final push to the downside we are looking for a reversal. If circumstances change we will update and be ready for any change in market situation.This shows us how important trade management is. Target for the final wave down is around 21.21-20.83. Important resistance is around 22.30-22.52.
Happy Trading..

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