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Sunday, August 31, 2014

SILVER UPDATES FOR AUG 31 2014

SUNDAY





WEEKLY UPDATE



Silver in international market last week bounced from its low to test a high of



say 19.9$ but prices was not able to sustain at higher levels and dropped back



to 19.5$, strong supports for the commodity is at 19.3 and resistance at 19.5$



trend for the commodity remains very much bearish but geo political tensions on



the back burner holds the price to current levels we expect prices to give a



breakdown in the days to come.


Weekly Call :



Sell Silver on rises between 19.5$ to 19.6$


with stops above 19.85$


for tgts 19.1 and 18.7$