SILVER UPDATES FOR OCT 16 2016

SUNDAY

WEEKLY UPDATE

Silver in international Market last week was traded in the

 range between 17.85$ to 17.15$, over all trend for the 

commodity remains bearish and we expect prices to correct

 further up to 16$ if gives a correction below 17.15$, 

sell only below 17.1$ is advisable.

 Resistance for the commodity is at 17.5$ and 17.8$ 

supports at 17.15$ below 17.15 - 16.65 and 16.33$ are the crucial levels.

Weekly Call :

Sell Silver only below 17$

 and add further on rises up to 17.15$

 with SL above 17.5$

 for targets 16.5$ - 16.33 and 16$.

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