Silver looks positive as bottom fishing happens from lower levels
We clearly indicated in our weekly commodity Samachar that we will not sell Silver at lower levels because our bias is highly positive in it. This week, Silver shot up more than 1500 points.
Not only this, Comex Silver is too gaining handsome momentum. We are holding long from 23.30 $levels.
Now, what to expect???
Silver has resistance at 63900—64200. Looks positive and could test its resistance.
A decisive close above 64200 will take Silver to 65300—65800 and then to 67000 levels in days to come
Fresh downside panic we will see on a weekly close below 61800 levels only.
Any sharp downside panic till 62500 will be the best buying opportunity with stop loss below 61800 on a closing basis for the upside target of 63900—64200.
On the other hand, Comex Silver has resistance at $24.00. Decisive break and close above $24.00 will take it to $24.50—$24.80 and then to $25.50 in days to come
Fresh downside panic we will see on a close below $23.00.
Traders can buy and accumulate Silver for around $23.50 with stop loss below $23.00 for the initial upside target of $24.00
Today.. Our subscribers minted money in Copper, Nickel too...
Now it’s time to remain cautious in base metals at upper levels. We will provide fresh levels in tomorrow Commodity Samachar.
Copper has support at 714—710 and resistance at 721.
Nickel has support at 1427—1418 and resistance at 1450.
Lead has support at 178 and resistance at 180
Zinc has support at 245 and resistance at 249
Aluminum has support at 205.50 and resistance at 209.50—211
Trade safely as per levels given… More we will update soon!!
