Silver within the same range 09/01/2013

Economies.com
2013-01-09 04:44AM UTC

The tight range remains dominating the silver price, which is stuck between 29.40 and 30.70 levels, and until the price being able to surpass one of them, we are forced to stay aside waiting for clearer signals for the trend.

 

Breaking below 29.40 will cause a major turn with the short term and medium term trend into the downside, while breaching above 30.70 will stop the downside correction and turns the price back to the upside trend.

 

Expected trading range for today is between: 29.40 support and 31.50 resistance.

 

Expected trend for today: Neutral

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