Silver closes negatively 28/02/2013

Economies.com
2013-02-28 05:32AM UTC

Silver price closed yesterday below 29.20, to support our bearish trend expectations on the short term basis, which is initially targeting 27.00

 

Stochastic loses its bullish momentum clearly, while we remind you that the holding below 29.60 keeps the bearish trend scenario valid.

 

Expected trading range for today is between: 28.00 support and 30.00 resistance.

 

Expected trend for today: Bearish

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