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Silver in international market has corrected as per our expectations
and for short term it looks further bearish to test 20.5$,
last week it opened at 23.76$ and tested a high of 23.86$
and finally closed at 22.33$ almost a drop of 1.5$, for the
week ahead if prices holds below 22$
(because interim support is seen at 22$) then it may test 20.5$
Weekly Call.
Sell silver only below 22$ and add further on rises up to 22.35
with stops above 23$
for target of 21 and 20.5$…
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Silver in indian terms has fallen down from 45300 levels to 42700 levels
a major fall after three weeks of time, we
expect further correction in silver but in between there are
few support points which should be broken decisively say
42200 now will act as a strong support in short term if
prices breaks the level then it may halt at 41300 and 40500..
Weekly Call
Sell Silver at cmp 42700 and add further on rises up to 43200
with stops above 43650 for target of 42200,
and add additional positions below 42200
for week target of 41300 and 40500..
Note if prices straight away corrected from the Current levels then
keep stops above 43200.. and trade as per the call..
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Silver in indian terms has fallen down from 45300 levels to 42700 levels
a major fall after three weeks of time, we
expect further correction in silver but in between there are
few support points which should be broken decisively say
42200 now will act as a strong support in short term if
prices breaks the level then it may halt at 41300 and 40500..
Weekly Call
Sell Silver at cmp 42700 and add further on rises up to 43200
with stops above 43650 for target of 42200,
and add additional positions below 42200
for week target of 41300 and 40500..
Note if prices straight away corrected from the Current levels then
keep stops above 43200.. and trade as per the call..