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Monday, October 22, 2012

Spot Silver prices expected october 23 2012

Spot Silver prices expected october 23 2012 : Spot Silver (NY Close): $32.42 // +0.34 // +1.07%, Prices are inching lower as expected after completing a Bearish Engulfing candlestick pattern coupled with negative RSI divergence below the 35.00 figure.

Sellers are now testing support at 31.83, the 38.2% Fibonacci retracement. A break below that exposes the 50% level at 30.74. Resistance is at the top of a falling channel set from October's swing top (32.71), with a push above that targeting the 23.6% Fib at 33.19.Spot Silver prices expected october 23 2012 : Spot Silver (NY Close): $32.42 // +0.34 // +1.07%, Prices are inching lower as expected after completing a Bearish Engulfing candlestick pattern coupled with negative RSI divergence below the 35.00 figure.

Sellers are now testing support at 31.83, the 38.2% Fibonacci retracement. A break below that exposes the 50% level at 30.74. Resistance is at the top of a falling channel set from October's swing top (32.71), with a push above that targeting the 23.6% Fib at 33.19.

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