Midday update for Silver 23/04/2013
Economies.com
2013-04-23 10:59AM UTC
Silver price achieved a break below the triangle support that appears in the image, opening the way towards negative trading on the intraday basis, targeting now 22.45 then 22.00, being aware that breaking the last level will cause more downside track on the short term basis, while breaching above 23.25 will turn the price to the positive attempts again.
Expected trading range for today is between: 21.50 support and 25.00 resistance.
Expected trend for today: Bearish for the rest of the day
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