As we mentioned before, silver moved to the upside influenced by the bullish pattern as discussed before to reach our previous mentioned target and now we expect a pull back recovery after touching the upper line of the ascending channel. The stochastic indicator is supporting this outlook together with the overbought signs that have appeared on William % R
The trading range for today is among the key support at 11.34 and the key resistance now at 12.55
The general trend is to the downside as far as 14.70 remains intact with targets at 9.85 and 8.50.
|Risk is too high as silver is moving in a very critical area|