Daily Silver Technical Update and Forecast(15 January 2014)

Silver Daily Technical Analysis and Outlook:

With the breach of 20.00, silver made a high at 20.60. This is an important juncture in silver, with a strong daily closing above
 20.60 prices will accelerate towards the 21.54 area.On the contrary a breach of the 19.30 will tilt the odds towards a more bearish outlook with the minimum target being the previous lows at 18.64. Support at 19.88-19.57.

Happy Trading. 

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