SILVER UPDATES FOR NOV 29 2015

SUNDAY



WEEKLY UPDATE



Silver in international market last week dropped to 13.95$ from 14.3$ and closed at 14.01$,




very strong supports for the commodity is at 13.98$ and any close below 13.98$ is considered



as a breakdown for short term and we expect prices to give a sharp correction up to 12$,




Sell below supports is advisable, important meeting is expected this week a) ECB meet and




b) Yellen’s Testimony in FOMC, traders must trade cautiously as per stops given.




Weekly Call :




Sell Silver only on close below 13.98$




and add further on rises up to 14.1$




with Sl above 14.6$




for targets 13$,12.5$ and 12.1$.





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