Similar to that of Bernanke, Bank of England Governor Mervyn King's comments too can not only create volatility in the commodity markets short term, but may eventually help set the direction too.
When the silver inventories are high—suggestive of depleting demand from industry quarters where no delivery is taken-- it behaves more like gold and when inventories deplete--suggestive of depl..
For intra-day, support for the commodity is seen at 824 and 818 levels, while resistance is seen at 832, and 840 levels. Traders are advised to take short position near 830 with the stop loss of ..
The commodity has broken the resistance level of 5730, and the next resistance level for the prices is seen at 5800. Traders may take sell position near 5700 with the stop loss of 5680 for the target ..
