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Weekly Silver Commentary [4 Nov 2013]

 
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WahyuPY
Senior Member


Joined: 18 Feb 2009
Posts: 475
Location: Singapore
PostPosted: Mon Nov 04, 2013 11:44 am    Post subject: Weekly Silver Commentary [4 Nov 2013] Reply with quote
Silver prices spiked to above 23.000 regions temporarily last week, before slumping down together with other commodities. The Silver prices found the new equilibrium after ranging between 21.700 and 22.000 regions towards the end of the week. This week, Silver prices are likely to follow the overall trend of Gold, with support is identified at 21.000 regions while resistance cap at 23.000 regions serve as the upper limit for consolidation range. Breaking above this level, the aim will still be 24.000 regions as mentioned last week.
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Wahyu PY



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