Silver tracking gold, but the sell-off after gold’s drop was merciless. Just before New York opened, silver slid to $11.80. After failing to settle, it shed another 50c in US trade, closing at $11.05. Now support for the silver is seen at 18248 and below could see a test of 17599. Resistance is now likely to be seen at 20014, a move above could see prices testing 21131.
Trading Ideas: TRADING RANGE IS 18500-19600.
BUY SILVER ABV 18910 SL 18860 TGT 18945-19000-19070-19128. MCX
SILVER STILL UNDER PRESSURE AS COMPARE TO GOLD. IMP LEVEL TO SEE IS AT 10.80$
Courtesy: JRG Wealth Management
