Daily Update Silver(14/6/12)

Today's Scenario:

Nothing much has changed since yesterday.Market's packed in a range with a downside bias a move above would 29.94(previous recent swing high) would negate this forecast.This ongoing correction has a great chance of ending near the 29.35-29.50 area and again falling back to 27.50 area.Let's see how the action resolves.Support at 27.50 range.Resistance at 29.94-30.26.And we have a possible ascending triangle in our charts which would make a nice move on the upside(possibly) and end this upward bounce.