OCT 8 WEDNESDAY
SHORT TERM TREND : BULLISH
LONG TERM TREND : BEARISH
S1 RS 19160 , S2 RS 18980
R1 RS 19340 , R2 RS 19570
WAIT FOR SUPPORT FOR FRESH ENTRIES.
Silver opened at $ 11.31 / 11.36 and tumbled as funds
dumped the metal responding to falling base metals.
Support was established near $ 11.15 as the metal
moved on the offensive.However this move was
temporary as investors dropped silver causing it
to plunge to a intra day low of $ 11/ 11.05.
It bounced from the low and traded erratically
for the reminder of the session closing at $ 11.20 / 11.25.
The pressure is on to test the September lows near
$ 10.32.
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