SILVER UPDATES FOR OCT 9 2016

SUNDAY


WEEKLY UPDATE

Silver in international market last week dropped from 19.3$ to

 17.15$, very strong supports for the commodity is at 17.15$ 

resistance is at 17.7$ and 17.95$, prices has taken supports at 17.1

 and recovered to close at 17.5$, trend for bullions remains bearish , 

we expect further correction on breakdown below 17$, 

one can sell silver only below 17$ for targets 16.3 – 16$.

Weekly Call :

Sell Silver international only below 17$ 

and add further on rises up to 17.15$

 with sl above 17.5$ 

for targets 16.3$ and 16$.

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