OCT 17 FRIDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND: BEARISH
S1 RS 17120 , S2 RS 16940
R1 RS 17560 , R2 RS 17740
SELL AT RESISTENCE LEVELS.
Silver tracked gold lower, slipping more than 7 percent
to a session lowof $9.50 an ounce. It was later trading
at $9.67/9.75.
Silver started the day steadily but drifting sideways
around the $ 11 level.A push lower in Europe saw the
metal find support at $ 10.80.But then liquidation set in
when US Markets opened pressing silver fast
towards $ 10.18. The metal failed to recover and
closed at $ 10.22.
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