Silver surpasses the critical resistance 31/01/2013

Silver price succeeded to breach above 31.80 which represents a confirmation key for the continuation of the bullish trend on the intraday and short term basis, so we will be waiting for an ascending targets begin now at 33.15, where the price gets a good support from EMA50 besides Stochastic positivity on the daily time frame.

Breaching above 32.45 is required now in order to make the price gain a solid positive motive to be able to accomplish more of the bullish targets which are surpassing 35.30, being aware that breaking below 31.80 -31.55 will weaken the chances of achieving these targets now.

Expected trading range for today is between: 31.55 support and 33.15 resistance.

Expected trend for today: Bullish