Silver - Daily technial Forecast

 @ibtimes
on July 30 2010 12:58 AM

Silver closed higher due to short covering on Thursday while extending this month's trading range. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off June's high, June's low crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a low has been posted.

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