Silver finds solid ceiling 21/11/2012

The price found a solid resistance at 33.20 forces it to bounce lower as shown in the image, as mentioned in our previous reports that breaching the mentioned level is important to confirm the bullish rally continuation.

The price might witness some bearish bias to test levels near 32.50 attempting to turn higher again, where the bullish trend remains preferred as long as the critical levels that begin at 32.00 and the most important 31.50 remain intact.

Expected trading range for today is between: 32.00 support and 34.50 resistance.

Expected trend for today: Bullish