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1 Silver Daily Technical Report Oct 2,2013 on 2nd October 2013, 7:36 pm

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SILVER (in USD)
Challenging the key support at 20.63.
Buy stop 3 at 22.13, Objs: 22.27/22.67/23.29, Stop: 21.99
• Silver has broken to the downside its horizontal range between 21.21 and 22.13. Monitor the test of the key support at 20.63 (see also the rising trendline). An initial resistance is at 21.30 (23/09/2013 low).
• The failure to break the strong resistance area between 24.87 and 26.07 (26/09/2011 low), coupled with the subsequent decline, favour the start of a medium-term phase of weakness. Key supports are at 20.63 and 18.23.
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