Daily Silver Technical Update and Forecast(8 January 2014)

Silver Daily Technical Analysis and Outlook:

So far the market has been moving as expected. Now the important thing here
is if the previous low at 18.64 gives way then the next area of support lies at 18.25 and then 18.05-17.72 zone. And this low might form a good base for atleast a healthy bounce. We will keep you updated. So stay tuned. A close above 20.00 will decrease the odds of this bearish outcome.
Happy Trading..

---

---