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Weekly Silver Commentary [19 Aug 2013]

 
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WahyuPY
Senior Member


Joined: 18 Feb 2009
Posts: 475
Location: Singapore

PostPosted: Mon Aug 19, 2013 12:15 am    Post subject: Weekly Silver Commentary [19 Aug 2013] Reply with quote

Silver prices soared last week after breaking the 20.800 resistance while closing the week at 23.230 levels. Technically speaking, the run-up above 20.6000 levels has initiated the bullish bias and could continue the ascension to 25.000 regions this week. However, we also foresee the trend may consolidate first at 21.800 regions before the bulls will come in towards the coming weekend.
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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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