OCT 24 FRIDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 17020 , S2 RS 16860
R1 RS 7360 , R2 RS 17530
STAY SHORT AT RESISTENCE.
With gold losing ground silver was left vulnerable.
After first holding steady in Asia , range trading
between $ 10.20 and $ 10.04 , the metal came under
pressure dipping to $ 9.84 at the London PM fix
and later slipping to $ 9.75 at the New York close.
It then dipped to $ 9.40 in the after market before
losing more ground overnight to $ 9.35 .
Primary support is at $ 9.18 and secondary support
is at $ 8.96 to $ 8.35 .
Primary resistence is at $ 9.79 and secondary
resistence is at $ 10.18 to $ 10.79.
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