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Silver has inclined yesterday according to all positive effects we mentioned yesterday placing a temporary high at 12.91 but with the 4h continuous close below 61.8% Fibonacci expansion a bearish harmonic pattern has been detected showing that the price still has targets to be reached in order to be able to build a solid technical base around 12.50-12.55 zones whereas we expect a new impulsive upward wave targeting the most important resistance areas at 13.25 first where a breakout above it will bring an upside continuation. Therefore we will keep our outlook to the upside on the intraday basis today as far as 12.00 zones remains unbroken.
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