sell silver @ cmp 40360 with the sl of 40700 for the tgt below 40000.
Update 1 , 12.47 pm, 14 th mar,
daily chart, silver.
silver broke major support of 40500, it sustained below it for few hours. Now next tgt is Rs 38,300. Jay Shriram.
You can read full technical analysis on investing.com site, I wrote there, lack of time I have, so link is here .... https://in.investing.com/analysis/silver-broke-major-support-of-41500,-moving-towards-38300-mark-200178753?
You can read full technical analysis on investing.com site, I wrote there, lack of time I have, so link is here .... https://in.investing.com/analysis/silver-broke-major-support-of-41500,-moving-towards-38300-mark-200178753?
Update 2, 01.02, 15th Mar 2017.
Today silver price hit our first tgt which is below 40000 mark. see the chart, next is rs 39,500. We are using trailing sl method to protect profits. Jay Shriram.
Update 3 , 09.45, 16th Mar 2017.
Sudden spike in comex silver, is up in late trading. I dont know what was actually happen ? May be some contract change or something else. Searching for it. candles are showing comex silver and line is showing mcx silver price. thank you. The 25 bps rate hike—from 0.75% to 1%—by the US Federal Reserve signals more vigilance as inflation approaches its target
Sudden spike in comex silver, is up in late trading. I dont know what was actually happen ? May be some contract change or something else. Searching for it. candles are showing comex silver and line is showing mcx silver price. thank you. The 25 bps rate hike—from 0.75% to 1%—by the US Federal Reserve signals more vigilance as inflation approaches its target
silver gap, update 4, 17th Mar, 11.38 am
You can see gap up opening on this 4 hourly mcx silver chart. This gap is created because of the Fed rate hike event. Banks and hedge funds were with the strategy of ," sell on rumors & buy on facts." This strategy push up price heavily on comex. But it interesting to see that if the price can maintain the gain ?.
Gap shown in ellipse. Half of gap is filled by price. Lower end of this gap is placed at 40100 mark. If silver price break this mark downward, only then it entered in perfect bearish teritorry . Till then it can move here and there, trying to consolidate itself.
