Daily Silver Technical Update and Forecast(9 April,2013)

Silver Daily Technical Analysis and Outlook:

The target of 27.59-27.85 has been reached and prices are now around the 27.95 level. We could have another push into the 28.06-28.26 region. However,after this prices must start coming down testing the 26.90 zone. 28.85  must not be breached for this to happen.

Happy Trading..

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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..

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Daily Silver Technical Update and Forecast(25 March,2013)

Silver Daily Technical Analysis and Outlook:

Silver Price Chart

Prices have been moving in a range past few weeks. Silver reached a high of 29.35 and the target zone was around 29.65-30.05.

Daily Silver Technical Update and Forecast(FEBRUARY 26,2013)

Silver Daily Technical Analysis and Outlook:

Silver Price Chart

Sorry guys there was no update in the past 2-3 weeks. However,after the break of the mentioned zone at 30.25-29.86 the fall accelerated  and tested a nice support at 28.26. Now we must see a upward retrace towards the 29.65-30.05 zone provided 28.26 holds. This rise,however,will be full retraced by another downside move which could find support at 27.52.    

Happy Trading..

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Notice !!

The updates are not being delivered daily. But we have made it a point to update at important price junctures.However we will try to keep our updates as frequent as possible. If there are any other issues or feedback please use the comment section.

Happy Trading..

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