Saturday 18 January 2014

SILVER COMEX Weekly Outlook...!! (20-Jan-2014)

Looks Strong on Weekly Charts, took support @19.00$ previously in July August 2010 Silver has a strong bull run form there levels @19.00$ hence its an very crucial levels. We have a positive outlook on SILVER and we suggest to go long on SILVER COMEX if sustains above immediate levels @20.70$, alternatively one may Go short if Breaks 19$ on Closing basis. A Sharp Correction may be seen if we see a weekly Close below 19$.

Profit Play's Take on SILVER:
1.       Buy SILVER ABOVE 20.70$ For Targets 22.50$ and Stoploss of 20.00$
2.       Sell SILVER only Below 18.80$ For Targets of 17$ and Stoploss of 19.50$