APSRI Trader's Forum Forum Index APSRI Trader's Forum
Expert trading in FX & Futures markets
FAQFAQ SearchSearch MemberlistMemberlist UsergroupsUsergroups RegisterRegister
SubscriptionSubscription TransactionsTransactions ProfileProfile Log in to check your private messagesLog in to check your private messages Log inLog in

Weekly Silver Commentary [2 Sept 2013]

 
Post new topic   Reply to topic    APSRI Trader's Forum Forum Index -> Silver Daily Report
View previous topic :: View next topic  
Author Message
WahyuPY
Senior Member


Joined: 18 Feb 2009
Posts: 475
Location: Singapore

PostPosted: Mon Sep 02, 2013 12:45 am    Post subject: Weekly Silver Commentary [2 Sept 2013] Reply with quote

Silver prices rallied last week and spiked above 25.000 regions on Wednesday. However, the trend was capped by strong resistance and market reversed afterwards. Silver prices slumped to 23.550 levels on Friday amid profit taking and stronger greenback.

This week, we foresee that the market will continue to be bearish and may re-test 23.000 regions. Currently, the market could be entering a complex consolidation mode while we reckon the range may trade from 22.500 and 25.000 regions this week.
_________________
Cheers,

Wahyu PY



"Markets can remain irrational a lot longer than you and I can remain solvent." ~ John Maynard Keynes
Back to top
View user's profile Send private message Send e-mail MSN Messenger
Display posts from previous:   
Post new topic   Reply to topic    APSRI Trader's Forum Forum Index -> Silver Daily Report All times are GMT + 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group