MAY 20 FRIDAY
SHORT TERM TREND : BEARISH : TARGET RS 22680
LONG TERM TREND ; BULLISH : TARGET RS 26800
S1 RS 23020, S2 RS 22860, S3 RS 22680
R1 RS 23360, R2 RS 23520, R3 RS 23685
PREFER SHORTS AT RS 23340 TO 23360
STOP LOSS RS 23520
TARGET RS 22860
Silver futures for July delivery plummeted 90 cents, or 5.2 percent, to $16.515 an
ounce, the biggest drop since March 20.
Friday, May 30, 2008
Thursday, May 29, 2008
MAY THURSDAY
SHORT TERM TREND : SIDEWAYS TARGET RS 23850 TO 24560
LONG TERM TREND ;BULLISH RS 26899
S1 RS 24080 , S2 RS 23850 , S3 RS 23675
R1 RS 24375 , R2 RS 24560, R3 RS 24720
MARKET IS EXPECTED TO MOVE SIDEWAYS.
Silver prices gave back earlier gains to end Wednesday with a loss,
extending the previous session's more than 4% decline. July silver gave back
6 cents to finish at $17.415 an ounce.
On Friday, the silver contract touched $18.33 -- its highest level since April 17
SHORT TERM TREND : SIDEWAYS TARGET RS 23850 TO 24560
LONG TERM TREND ;BULLISH RS 26899
S1 RS 24080 , S2 RS 23850 , S3 RS 23675
R1 RS 24375 , R2 RS 24560, R3 RS 24720
MARKET IS EXPECTED TO MOVE SIDEWAYS.
Silver prices gave back earlier gains to end Wednesday with a loss,
extending the previous session's more than 4% decline. July silver gave back
6 cents to finish at $17.415 an ounce.
On Friday, the silver contract touched $18.33 -- its highest level since April 17
Wednesday, May 28, 2008
UPDATES
MAY 28 WEDNESDAY
SHORT TERM TREND BEARISH RS 13800
LONG TERM TREND BULLISH RS 26800
Prefer to shorts at RS 24380 to 24400
Stop loss RS 24580
Target RS 23900
Silver tumbled the most in two months.
Silver futures for July delivery plummeted 82.5 cents, or 4.5 percent, to
$17.465 an ounce. The drop was the biggest since March 20.
SHORT TERM TREND BEARISH RS 13800
LONG TERM TREND BULLISH RS 26800
Prefer to shorts at RS 24380 to 24400
Stop loss RS 24580
Target RS 23900
Silver tumbled the most in two months.
Silver futures for July delivery plummeted 82.5 cents, or 4.5 percent, to
$17.465 an ounce. The drop was the biggest since March 20.
Friday, May 23, 2008
UPDATES
MAY 23 FRIDAY
SHORT TERM TREND : SIDEWAYS : TARGET : RS 23630
TO 25170
LONG TERM TREND :BULLISH :TARGET : RS 26800
Silver Futures for the day closed on a flat note at $ 18.03
after rising to a high of $ 18.24 and from a low of $ 17.78.
SHORT TERM TREND : SIDEWAYS : TARGET : RS 23630
TO 25170
LONG TERM TREND :BULLISH :TARGET : RS 26800
Silver Futures for the day closed on a flat note at $ 18.03
after rising to a high of $ 18.24 and from a low of $ 17.78.
Thursday, May 22, 2008
UPDATES
MAY 22 THURSDAY
SHORT TERM TREND :BULLISH :TARGET RS 25150
LONG TERM TREND : BULLISH :TARGET RS 26800
S1 RS 24900 S2 RS 24273 S3 RS 24246
R1 RS 25554 R2 RS 25581 R3 RS 26208
PIVOT RS 24927
SILVER futures followed the yellow metal and closed 1.8 % higher.
SHORT TERM TREND :BULLISH :TARGET RS 25150
LONG TERM TREND : BULLISH :TARGET RS 26800
S1 RS 24900 S2 RS 24273 S3 RS 24246
R1 RS 25554 R2 RS 25581 R3 RS 26208
PIVOT RS 24927
SILVER futures followed the yellow metal and closed 1.8 % higher.
Tuesday, May 20, 2008
SILVER UPDATES
MAY 20 TH TUESDAY
SHORT TERM : SIDEWAYS : TARGET RS 23300 TO 23680
LONG TERM :BULLISH :TARGET RS 24800
Silver futures for July delivery jumped 51.7 cents to $17.545 an ounce. Before today, the price advanced 14 percent this year, while gold climbed 8.1 percent.
SHORT TERM : SIDEWAYS : TARGET RS 23300 TO 23680
LONG TERM :BULLISH :TARGET RS 24800
Silver futures for July delivery jumped 51.7 cents to $17.545 an ounce. Before today, the price advanced 14 percent this year, while gold climbed 8.1 percent.
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