Silver Weekly Technical Report 11-15/3/2013

Silver fluctuated heavily on Friday, however ended the day and the week higher. RSI continues to show bullish divergence, while price maintains the bullish momentum after printing series of bullish candles. Accordingly, we expect further upside attempts towards 29.50 and 29.85 levels this week.

** 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 more than 80% of target before triggering entry, signal is canceled and not valid anymore.