Weekly Update(25/6/12)

Weekly Scenario:

The so called non decisive price action resolved to the downside as anticipated by breaking the long term trend line(green dashed) shown on the weekly chart.Silver considered as a great hedge against inflation continued lower as what we are facing right now could be or is deflation,silver and gold both would have a tough time sticking on to their SAFE HAVEN label.We could soon reach the 24.26-21.76 zone with the coming weeks ahead.Resistance at 28.50-29.00 zone.

Have an amazing trading week ahead.