SILVER
Silver is showing a range bound trend from the last 3 month and the trend is likely to continue in the next few months too. Medium term trend for silver is still up and one can take a long position for the next few months. Silver is making a wide upward channel. If this channel continues then we will see silver making a new life time high. My call for silver is buy @ 17 with a price target of 20 although you need to follow a strict stop loss below 17.
On the 1 day candlestick chart silver is moving up again after making a low of 16.9. RSI & MACD also give a hope of recovery after an immediate major downturn. So long silver from the present level and enjoy………………………
Silver is showing a range bound trend from the last 3 month and the trend is likely to continue in the next few months too. Medium term trend for silver is still up and one can take a long position for the next few months. Silver is making a wide upward channel. If this channel continues then we will see silver making a new life time high. My call for silver is buy @ 17 with a price target of 20 although you need to follow a strict stop loss below 17.
On the 1 day candlestick chart silver is moving up again after making a low of 16.9. RSI & MACD also give a hope of recovery after an immediate major downturn. So long silver from the present level and enjoy………………………
BUY SILVER @ 17 TARGET 18.25, 19.35 & 20 STOPLOSS BELOW 16.85
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