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Friday, May 31, 2013

Daily Silver Technical Update and Forecast(31 May 2013)

Silver Daily Technical Analysis and Outlook:
Silver Price Chart
Prices reached 23.11 (a few cents shy from our target zone which was 23.15-23.34). Now we  think the upward move must continue targeting the zone around 23.45-23.60. However a failure to hold the 22.35-22.20  area would cause the prices to fall and find support at 21.75-21.60. Price support around 22.53-22.45
Happy Trading.


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