OCT 2 THURSDAY
December silver climbed 4% to $12.77 an ounce.
Silver opened on its day high and tumbled during
the early morning as dealers sold the metal and
bought equities.
Support was established at $ 12.20 , however this
level was not sustained as funds continued to dump
the metal driving it to a low of $ 12.17 / 12.22 where
it closed .
Silver plunged lower towards 11.79 in the after
market . The metal had been looking weak .
Analyst hold a bearish view with a risk of
a return to $ 10.32.
Primary support is at $ 11.63 and secondary
support at $ 11.06 to $ 10.20.
Primary resistence is at $ 12.90 and secondary
resistence is at $ 13.61.
No comments:
Post a Comment