SEPT 24 WEDNESDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BULLISH
S1 RS 20260 , S2 RS 20010
R1 RS 20640 , R2 RS 20950
WAIT FOR CONFIRMATION.
Silver tracked gold lower, slipping 2.5 percent to a session low
of $13.07 an ounce. Spot was last quoted at $13.24/13.32
an ounce, down 1.2 percent against $13.40 on Monday.
The top side resistence is seen at $ 13.82 and then at
$ 14.02 , the highs of last August..The gold / silver ratio
was movimg up when metals were falling .Now that the
metals are increasing we are seeing the gold / silver ratio
falling.
Silver moved higher in line with higher crude prices
at $ 110 and a weaker dollar.
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