Daily Silver Technical Update and Forecast(JANUARY 31,2013)

Silver Daily Technical Analysis and Outlook:

Reaching 32.26 prices started coming down. 31.15 is an important level to hold on a short term a break of which would signal further correction towards the 30.80-30.65 zone. However we retain our bullish outlook until 29.22 holds.
Happy Trading..

---

---

Daily Silver Technical Update and Forecast(JANUARY 30,2013)

Silver Daily Technical Analysis and Outlook:

We retain our bullish outlook on silver until  a break below 29.22 occurs. The support zone at 31.46-31.05 was tested but prices moved a bit lower testing 30.76. Now prices must continue moving up testing our target zone around 32.55-32.05.

Happy Trading..

---

---

Daily Silver Technical Update and Forecast(JANUARY 20,2013)

Silver Daily Technical Analysis and Outlook:

Prices turned up higher as expected. Now it looks like silver should be ready for a retracement lower towards the 31.45-31.05 range. However the trend looks up until the low around 29.22 is broken. Initial upside target are around 32.55-33.25.
Happy Trading..

---

---

Daily Silver Technical Update and Forecast(JANUARY 07,2013)

Silver Daily Technical Analysis and Outlook:

Silver came down sharply just as expected and bounced nicely off the lows around 29.26 a few cents short of the target zone around 29.05-28.75. It looks like now prices must go higher and test the resistance zone around 31.05-31.31. The low at 29.26 must hold a breach of which would signal a move towards 28.75-28.54 at least and then possibly 28.05-27.55 zone.Support at 29.84-29.70.
Happy Trading..

---

---

Daily Silver Technical Forecast(JANUARY 02,2013

Silver Daily Technical Analysis and Outlook:

Silver moved high above our target zone surrounding 30.82-31.14 testing 31.50. Now 31.50 is an important price level to be held. If it is breached then 31.75-32.15 is the next target. However we will retain our bearish outlook on silver until a decisive close above 32.56( a low probability outcome)occurs and look for prices to fall back to 29.76-29.65 at least.

Happy Trading..

---

---

Daily Silver Technical Update(JANUARY 02,2013)

Silver Daily Technical Analysis and Outlook:

Silver Price Chart

The recent price action suggests that the upward move is close to completion with possibly one or two upward pushes which should terminate within the 30.82-31.14 zone. After this the price action must turn to the downside with the breach of  30.25 being an initial signal of the lower prices ahead. Target at
29.76-29.65 and 29.05-28.75

Happy Trading..

---

---

New Year Wishes

Silver Daily Technical Analysis and Outlook:

Happy new year to all the blog readers may you be blessed with prosperity in all the areas of your life. And most importantly may your trades get better and better!!
Happy Trading..

---

---