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Weekly Silver Commentary [5 Aug 2013]

 
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WahyuPY
Senior Member


Joined: 18 Feb 2009
Posts: 475
Location: Singapore

PostPosted: Mon Aug 05, 2013 12:53 am    Post subject: Weekly Silver Commentary [5 Aug 2013] Reply with quote

Silver prices traded in consolidation between 19.180 and 20.250 regions last week. Technically, we reckon that Silver prices are threading below 20.600 resistances and this could suppress the trend to 19.000 regions if led by yellow metal fall in coming week. The range has been rather narrow for Silver despite the huge volatility in Gold prices. In our opinion, the market will only change to bullish sentiment if the buying demand pierces above 20.600 levels.
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Cheers,

Wahyu PY



"Markets can remain irrational a lot longer than you and I can remain solvent." ~ John Maynard Keynes
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