StocksMarket | Metals | Investment | Trading
  • Blog
  • Blog Archives
    • Opinion 2nd
    • Opinion by Ravi Chandra
  • Tutorials
  • Videos
  • Connect With Us
  • About Us
  • Contact Us
  • Disclaimer
    • Copyright
    • Privacy Policy

Commodities - Silver moves towards support levels

26/6/2013

0 Comments

 
Picture
We looked at Silver in April this year (linked below) & as suggested on the break of 51000 & 48500 Silver headed further downward & now is still looking weak at around 40500.

Will the down fall of silver end? Or is there more to go? - http://www.bluemetalmoney.com/4/post/2013/04/will-the-down-fall-of-silver-end-or-is-there-more-to-go.html

Now silver seems to be entering a base formation zone but it is still moving downwards. Strong long term resistances are at 54100 & 63490, minor resistances lie at 50190 & 59974. A critical support level is at 34558 & a very strong support lies at 26671. Minor support is also seen at 40370 which is just below the recent close price.

Supports – 40370, 34558, 26671
Resistances – 50190, 54100, 59974, 63490


For now Silver is continuing its downward trend and has not yet formed a base. If there is an up move, it might not sustain for a very long time, unless such an up-move is supported by a long sideways zone in the metal.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Archives

    December 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    April 2013
    March 2013
    February 2013
    October 2012
    August 2012

    Categories

    All
    Alembic
    All
    Allstate Corp
    Allstate Corp (ALL)
    American
    American Markets
    American Stocks
    Apple Computers
    Bharti Airtel
    Boeing
    Bombay Dyeing
    Calls
    Charts
    Commodities
    Crude Oil
    Currency
    Currency Pair
    Djia
    Dow Jones Industrial Average
    Emc
    EMC (EMC)
    Forex
    Gail
    Gas Authority Of India Limited
    Gold
    Hotel Leela
    Index
    India
    Infosys
    Ing Vysya Bank
    Investment
    Jdsu
    Jds Uniphase
    Kalindee Rail Nirman
    Metals
    Nifty
    Nyse
    Picks
    Reliance Industries
    Resistance
    Silver
    Stock
    Stocks
    Support
    Suven Life Sciences
    Swaraj Engines
    Usdaud
    USD/AUD
    USD/EUR
    Usdinr
    Us Markets
    Video
    Wockhardt
    Youtube

    RSS Feed

Powered by Create your own unique website with customizable templates.