Silver MT: the downside prevails. Pivot: 24.85 Our preference: - TopicsExpress

Silver MT: the downside prevails. Pivot: 24.85 Our preference: Below 24.85, look for further downside with 19.55 & 17.2 as next targets. Alternative scenario: An upside breakout of 24.85 would open the way towards 29.5. Comment: silver prices stand within a declining channel. Trend: ST Ltd downside; MT Bearish, we have been bearish since 21 DEC 2012 (30.1). Key levels Comment 29.5 Horizontal resistance 28 Horizontal resistance 24.85 Pivot point 19.75 Last 17.2 Horizontal support 14.7 Horizontal support 12.5 Horizontal support

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