Daily Silver Technical Update(17/9/12)

Daily Technical Analysis for Silver:

Silver broke higher and stopped rallying at 34.98 making it a resistance,this rally must be complete with another upward push testing 35.56.The indicators sport a classic bearish divergence and a great volume spike occurred at the highs signifying a short term exhaustion in the rally.A pullback is anticipated into the 33.26-32.76 zone and then 32.24.Resistance at 35.50-35.98.

Happy Trading.