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Weekly Silver Commentary [26 Aug 2013]

 
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WahyuPY
Senior Member


Joined: 18 Feb 2009
Posts: 475
Location: Singapore

PostPosted: Mon Aug 26, 2013 7:07 am    Post subject: Weekly Silver Commentary [26 Aug 2013] Reply with quote

Silver prices rallied above 24.000 levels last week, after a short pullback to 22.290 regions in early week. We foresee that the market will probably run up to 26.000 regions if it can sustain above 24.000 supports after the coming mid-week. However, the volatility in Silver prices may drag the sentiments into a complex consolidation if fundamental strength is unclear. Support level is currently observed at 23.000 regions.
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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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