WELL SILVER IS ALSO IS ONE OF THE LAGGARDS..UNLESS OIL PRICES..THE TECHNICAL TREND IS STRONG BEARISH & THE WEEKLY RESISTANCE IS @ $36-$37 ; $37.36/$37.60 WHERE YTADER’S CAN SELL FOR A TARGET OF $33.70/$32.82
HOWEVER SILVER TREND WILL TURN BULLISH ONLY IF CLOSES ABOVE $38.48
MCX SILVER IS HAVING A VERY STRONG RESISTANCE @ 58111 & NEAR TIME RESISTANCE @ 55530/55958 WHERE TRADER’S CAN SELL FOR A TARGET OF 52342/51915
TREND REVERSAL : IF TREND REVERSES ABOVE 38.45$ THEN TRADERS ARE ADVISED TO REVERSE YOUR TRADE FOR TARGET $39.35/$39.90
CMP – $36.42
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