CLOSING COMMENTARY FOR AUG 21 FRIDAY

Silver prices recovered sharply from its strong

sup of around 13.80$ levels. Prices crossed above

14.00$. Prices having strong res of around

14.30 $. Prices need to close above this levels

for more upside till 14.6$,

Silver prices in MCX went up and crossed its strong

res of 23000. Prices looks firm above 23000 on a

closing basis. Prices expected to test 23400 - 23500

soon above res levels. strong sup seen around

22800 - 22500.