Daily Silver Technical Update and Forecast(9 April,2013)

Silver Daily Technical Analysis and Outlook:

The target of 27.59-27.85 has been reached and prices are now around the 27.95 level. We could have another push into the 28.06-28.26 region. However,after this prices must start coming down testing the 26.90 zone. 28.85  must not be breached for this to happen.

Happy Trading..

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Daily Silver Technical Update and Forecast(3 April,2013)

Silver Daily Technical Analysis and Outlook:

The zone around 28.30 was crucial as mentioned in the update. And with the break of the mentioned level the downside price action accelerated testing our target around 27.50 and moving much lower to test 26.90.

Bears must be in force until the 28.45-28.82 zone is breached.However,on the short term we could see some minor bounce ending in the 27.59-27.85 zone

Happy Trading..

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Daily Silver Technical Update and Forecast(25 March,2013)

Silver Daily Technical Analysis and Outlook:

Silver Price Chart

Prices have been moving in a range past few weeks. Silver reached a high of 29.35 and the target zone was around 29.65-30.05.

Daily Silver Technical Update and Forecast(FEBRUARY 26,2013)

Silver Daily Technical Analysis and Outlook:

Silver Price Chart

Sorry guys there was no update in the past 2-3 weeks. However,after the break of the mentioned zone at 30.25-29.86 the fall accelerated  and tested a nice support at 28.26. Now we must see a upward retrace towards the 29.65-30.05 zone provided 28.26 holds. This rise,however,will be full retraced by another downside move which could find support at 27.52.    

Happy Trading..

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Notice !!

The updates are not being delivered daily. But we have made it a point to update at important price junctures.However we will try to keep our updates as frequent as possible. If there are any other issues or feedback please use the comment section.

Happy Trading..

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Daily Silver Technical Update and Forecast(FEBRUARY 11,2013)

Silver Daily Technical Analysis and Outlook:

Silver Price Chart

The day after our previous update prices after testing the support zone around 31.43-31.25 reached the lower end  of our target zone around  32.05 (price action between the two red lines). After that prices have been slowly and steadily moving to the downside. However we still retain our bullish outlook. A break of 30.25-29.86 would make us review our bullish bias.Initial upside target remain same around 32.05-32.55

Happy Trading..

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Daily Silver Technical Update and Forecast(FEBRUARY 3,2013)

Silver Daily Technical Analysis and Outlook:

It was a volatile trading day on Friday. This usually happens because each month's first Friday US Payroll Data is released and this is an important number.Prices must continue the gains.Initial target for the upside remain at 32.55-32.05.  Support at 31.43-31.25.29.22 is a very important level to hold for the bullish possibility to play out.

Happy Trading..

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