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Weekly Silver Commentary [30 Sep 2013]

 
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WahyuPY
Senior Member


Joined: 18 Feb 2009
Posts: 475
Location: Singapore
PostPosted: Mon Sep 30, 2013 8:58 am    Post subject: Weekly Silver Commentary [30 Sep 2013] Reply with quote
Silver prices moved in narrow range last week in tandem with Gold, ranging mostly between 21.400 and 22.000 regions. This week, we foresee the market prices are likely to range between 21.000 and 22.000 regions with neutral bias. Breaking below 21.400 levels might reach down to 20.500 regions if the greenback strengthens. Resistance stays at 23.300 levels and need to abandon your short-view if this is violated.
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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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