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..

---

---

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..

---

---

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..

---

---

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..

---

---