Silver finds solid ground 29/01/2013
Economies.com
2013-01-29 05:48AM UTC
Silver price found a solid support at 30.70 that mentioned in our yesterday report, and the hitting of this support was accompanied with Stochastic entering the oversold levels, and the indicator approach from providing positive overlapping signal, where we believe that the price will accomplish a positivity today targeting initially 31.80.
Taking into consideration that breaking below 30.70 will lead to suffer from further losses to visit the main support level at 29.65.
Expected trading range for today is between: 30.70 support and 32.00 resistance.
Expected trend for today: Bullish
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