Nothing changed from our midday report yesterday and silver is still under pressure showing that it doesn't have enough momentum to move to the upside. Tenkan sen moving average of ichimoku indicator supports the (William % R) and Stochastic negative signs and this bearish outlook will not change unless a clear break out occurs to the area among (12.15-12.25).
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 today|