Metals drifted lower on the softer dollar, with XAG/USD seeing $37.90 lows after starting levels nearer to $38.50 while
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Metals drifted lower on the softer dollar, with XAG/USD seeing $37.90 lows after starting levels nearer to $38.50 while
why isnt silver just EXPLODING, i understand some people may cover losses from stocks by closing longs, but people have to be putting money somewhere.. I thought it would be flowing into metals at this stage
Silver is in the 40 USD range, DOUBLE of what it was last year at this time. Those are incredible returns. Find me a stock that has done the same and holds the same value today after another debacle.
Its upward trend of the Silver has been stopped by the strong monthly resistance around 41.90 level. And from this level has taken a turn to north this commodity is trading below its first monthly resistance, therefore a daily close below this level would confirm our bearish outlook push it around the Pivot Monthly.
Intraday trade:
If a M15 close above 38.52 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 37.75 sell only and do not buy. If price closes back above it again do nothing
The range 38.52 and 37.75 is neutral area, any trade done in between is personal decision and not part of this analysis
ilver changed direction yesterday due (in part) to the appreciation of US it seems that the recent news from Japan will continue to curb the rally of gold and silver during the day
silver ka movement aaj bahut tha, 401 ke upar gaya tha , abhi main thoda correction ka wait kar raha hu phir jum kar buy karuga, as it is on uptrend only.
I thin k u make typo mistake as it is 40 not 401, anyways do you know why silver price not increasing as compared to gold? i think it should be increase naQuote:
Originally Posted by Victoryindia
Resistances lie around 39.71 and 40.18. It should test lower towards 38.09 zone. A clear break of 38.37 would be bearish.
Supports / Resistances
Res 2 41.3400
Res 1 40.1800
Pivot 39.2500
Sup 1 38.0900
Sup 2 37.1500
The precious metals of silver are driven by a wide variety of factors, including money supply, debt levels, currencies, CDS spreads, interest rates, inflation and fabrication demand from downstream sectors such as jewelry, electronics, and solar applications.