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Weekly Silver Commentary [21 Oct 2013]

 
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WahyuPY
Senior Member


Joined: 18 Feb 2009
Posts: 475
Location: Singapore

PostPosted: Mon Oct 21, 2013 11:30 am    Post subject: Weekly Silver Commentary [21 Oct 2013] Reply with quote

Silver prices rallied with Gold after following the end of U.S. government shutdown. Market jumped up from 20.500 bottoms to above 22.000 levels, eventually settled at 21.920 levels on Friday. This week, we reckon the trend will be supported at 21.4000 and probably consolidate with slight bullish bias. Breaking above 22.500 resistances could rally to 23.500 regions before any significant pullback.
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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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