Silver Intraday Analysis 13 May 2013

May 13, 2013 5:41 pmComments Off on Silver Intraday Analysis 13 May 2013Views: 848

Downside Prevails

Our Pivot:23.89

Our Preference: Short positions below 23.89 and 24.04 with profit target at 23.41 and 23.18 with extention towards 22.84

Alternative Scenario: Upward Penetration of 24.04 will call for 24.21 and 24.48

NOTE: Silver prices are not becoming able to recover from its bearish corrections on daily and weekly basis.

Daily Chart with Support and Resistances:

 SL13052013

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