SUNDAY
WEEKLY UPDATE
WEEKLY UPDATE
Silver in international market dropped to 17.2 $ from 17.7$,
from the above
chart one can able to view how silver has obeyed the trend and
resistance line ,
now immediate supports at 16.8$, we expect correction to take
place
immediately up to 16.8$, further drop is expected only when the prices
close below 16.8, strong resistance for the commodity is now at 17.55$.
Weekly call :
Sell silver international on rises between 17.2 to 17.3
with
stops above 17.55$
for target 16.8$,
any time close below 16.8$
add further
shorts with stops at cost for targets 16.3 and 16$.
