Silver awaits the confirmation 22/04/2013

Silver price remains limited inside the triangle that appears in the image, and there is a contradiction between EMA50 positivity and Stochastic negativity, which makes us need a confirmation signal for the next trend, and we get this signal by breaching the resistance level 23.95 to the upside or breaking the support level 22.80 to the downside.

Breaching above the mentioned resistance will push the price to retest mainly 26.10, while breaking below the support will turn the price back to resume the bearish trend.

Expected trading range for today is between: 22.00 support and 25.40 resistance.

Expected trend for today: Depends on the abovementioned levels