SILVER MCX & COMEX WEEKLY OUTLOOK (23-SEPT-2013)
SILVER COMEX:
Immediate Resistance @23.15$
Immediate Support @22.35$
Silver COMEX if Sustains above 23.35$ may head towards Higher Levels. For the next week Strategy should be to buy SILVER COMEX around 22.35$. Alternatively If Breaks 22.30 then may Initiate Short Position. Next Support Lies around 20.25$.
We Recommend to Sell SILVER COMEX Below 22.25$ SL 22.80$ TGT 20.25$
Immediate Support @48450
Immediate Resistance @51200
SILVER MCX if breaks the level of 48400 next week one may initiate short Position. For pull Back Strategy one can Take Risk to long around 48500 with Small Stop Loss. Above 51200-51500 Silver May enter Bullish zone and Fresh Long Position Can be Initiated.
We Recommend to Sell SILVER MCX below 48300 SL 48800 TGT 47100
