28th Nov - Silver Dropping Back to L/Term 76.4% Level - Market updates

28 November 2013

WEEKLY CHART –

CONTINUATION:

Support from the 18.40 76.4%

retracement prompted only a

modest rebound which fell short of

resistance offered by the prior

26.070/26.385 lows area. Current

weakness is drawing attention

back to the 18.400 76.4% level.

DAILY CHART – Dec-13:

Looking closer, latest weakness

has seen price return to the 19.85

76.4% pullback level. We await

any reaction around here – failure

would be a fresh signal for the

bears, and put the 18.215 Jun low

at risk (and the long term 76.4%

level).