SILVER UPDATES FOR JUNE 5 2016

SUNDAY


WEEKLY UPDATE



Silver in international market last week dropped from 16.2$ to test 15.8$ and holds



at same levels for last three days and prices jumped from 15.9 to close at 16.43 levels,



trend now looks bullish but we expect prices may give a rally up to 16.7$ in the first



session, correction is expected thereafter, immediate resistance for the commodity



is at 16.5$ and 16.68$, supports for the commodity is at 16.22$ -16.1$,



Buy on dips is advisable.



Weekly Call :



Buy Silver international on dips between 16.25$ - 16.3$



with SL below 16$



for target 16.7$