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  • Silver Daily20.1.2014

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    chavanritesh
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    Silver prices have been range bound between $43500-$45800 since August 2013, trading in a subdued range without momentum. Short term traders could go long or short near either end of this range until targets at the other end are reached. A breakout or breakdown from this range would bring lost momentum back to silver and enable long term positions.

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    Silver Report

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    Silver prices have been range bound between $43500-$45800 since August 2013, trading in a subdued range without momentum. Short term traders could go long or short near either end of this range until targets at the other end are reached. A breakout or breakdown from this range would bring lost momentum back to silver and enable long term positions.

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    © All Rights Reserved
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    6 views2 pages

    Silver Daily20.1.2014

    Uploaded by

    chavanritesh
    Silver prices have been range bound between $43500-$45800 since August 2013, trading in a subdued range without momentum. Short term traders could go long or short near either end of this range until targets at the other end are reached. A breakout or breakdown from this range would bring lost momentum back to silver and enable long term positions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    TECHNICAL REPORT

    20 JANUARY 2014

    January 20, 2014

    Silver - Technical Report

    SILVER DAILY OUTLOOK

    Silver March | CMP: 45161


    View: Range Bound

    Since August 2013, silver has witnessed a negative trend and this trend has restricted around 43500
    levels, ever since then the counter has lost its momentum and trading in a subdued range of 43500
    45800.

    Until we witness a breakout or breakdown from this particular range, any long term position should
    be avoided.

    For short term traders, either end of the range should be an opportunity to go long or short. Till the
    targets of other end of the range.

    The close above or below from this mentioned range would then bring in the lost momentum into
    the counter and decisive position can be held in the counter.

    Page 1

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