Silver attempts to breach 11/01/2013

Economies.com
2013-01-11 05:21AM UTC

Silver price showed clear positive trading yesterday closing the daily candlestick above 30.70, to offer initial signals for a possible return to the main upside trend which was stopped previously to achieve the recent correction.

 

Now, we need to get another daily close above the mentioned level to confirm the bullish trend, which is supported by stochastic, and that makes us continue with our neutral attitude to monitor the daily close according to 30.70 level.

 

Expected trading range for today is between: 30.00 support and 32.00 resistance.

 

Expected trend for today: Neutral

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