CLOSING COMMENTARY FOR SEPT 16 WEDNESDAY

Silver prices seems bullish and went up straight

upto 17.50$ above the 17$ mark. Prices seems

bullish above 17.50$ and could test more highs

till 18$. But as prices are in over bought zone

need to be cautious always on buying side.

Strong sup seen around 17$ and Res seen around 17.50$.

Silver prices in MCX looks bullish. Prices went up

sharply upto 27800 levels. Prices looks bullish above

27300 and could target 28000 - 28200 levels. Cautious

advised on buying with sl needed. strong sup seen

around 27300-27000 levels.