Silver tests the channel’s support 02/05/2013

Silver price declined to break below 23.95 and stopped the positive expectation temporarily, where the bullish channel’s signals carry the current trading, and the price trades now near its support, and now we need to stay aside in order to monitor the price behavior according to the support levels 23.30 and 23.95 resistance, where breaking below the mentioned support will force the price to suffer more losses in the near period, while breaching above the resistance will turn the price to the positivity again.

Expected trading range for today is between: 22.60 support and 25.00 resistance.

Expected trend for today: Depends on the abovementioned levels