Silver Weekly Technical Report 25/2-1/3/2013

The metal rebounds gradually after testing the descending support shown on image, meanwhile, RSI is unloading some of the bearish momentum, while price heads towards 29.20 previously broken support. We expect the correctional rebound to extend a littlebit further this week, probably to levels around 29.60.

** Overall trend ( More than one year)

** Intermediate ( More than three months)

** Short term ( Less than three months)

** Chart is based on GMT+2 timing

Notes: 

*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.