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1 Silver Daily Technical Report Oct 3,2013 on 3rd October 2013, 5:42 pm

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Buy stop 3 at 22.15, Objs: 22.28/23.29/24.37, Stop: 22.02
Monitor the resistance at 22.13.
• Silver has thus far success fully tested the key support at 20.63 (see also the rising trendline). A break of the resistance at 22.13 is needed to suggest something more than a short-term bounce. Another resistance stands at 23.42.
• 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  • We have updated our long strategy given the recent price action.
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