Silver Market Overview
COMEX Silver is technically strong on charts. Last week COMEX Silver broke its psychological level of 4200$ an ounce and closed above that. For the upcoming week 3900$ and 3750$ are the crucial supports and 4380$ and 4600 $ are crucial resistance in COMEX Silver. In MCX Silver 64500 and 67500 will act as major resistance and 59500 and 57500 will act as major supports.
Strategy
Technically COMEX Silver is strong on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 4100$ an ounce, then above 4300$ an ounce it can further go upward and can test the level of 4380$ an ounce. Trade by keeping the proper stop losses.
Fundamental Market Overview
COMEX Silver is technically strong on charts. Last week COMEX Silver broke its psychological level of 4200$ an ounce and closed above that. For the upcoming week 3900$ and 3750$ are the crucial supports and 4380$ and 4600 $ are crucial resistance in COMEX Silver. In MCX Silver 64500 and 67500 will act as major resistance and 59500 and 57500 will act as major supports.
Strategy
Technically COMEX Silver is strong on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 4100$ an ounce, then above 4300$ an ounce it can further go upward and can test the level of 4380$ an ounce. Trade by keeping the proper stop losses.
Fundamental Market Overview
