SUNDAY
WEEKLY UPDATE
Silver in international market was also trading in the south wards direction for more than a month and last week
prices tested low of 15.5$ and closed at 15.67$, trend for the commodity remains bearish and the whole word is
waiting for the GREECE REFERENDUM, as discussed if exit then euro will become weak against USA dollar which will
pull down the prices of gold and silver, if they chose to stick with euro then moderate jump is expected in the
market however for long run we expect correction to take place in the market.
Weekly Call :
Wait for Fresh entries Supports 15.5$ and 15.3$
resistance 15.8$ and 16$.
Or
Sell silver on rises between 15.9$ - 16$
with stops above 16.3$
for targets 15.6$ and 15.5$.
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