Silver gained the momentum back and now trading above 53000. Comex Silver expected to touch $33.5 soon as my friend Ashish Kumar has mentioned in his blog (http://ashishkumargopi.blogspot.com).
The trade can be initiated in Silver only near $33.5 which is 55500 - 56000 levels. Short can be created in this for a target of 52500.
It seems impractical for the traders to wait for the rate of 55500 when it is trading at 53500 for going short. Certainly, those who want to buy Silver at this stage, I would suggest that wait for a few hours. The entry point for creating a long position is at 51800 - 52100 for a target of 55500-56000.
Happy Trading.
The trade can be initiated in Silver only near $33.5 which is 55500 - 56000 levels. Short can be created in this for a target of 52500.
It seems impractical for the traders to wait for the rate of 55500 when it is trading at 53500 for going short. Certainly, those who want to buy Silver at this stage, I would suggest that wait for a few hours. The entry point for creating a long position is at 51800 - 52100 for a target of 55500-56000.
Happy Trading.
No comments:
Post a Comment