SILVER MINI FEB WEEKLY TF
Updated
Perfect price to enter into positional/short term trade. one can go long for a view of 63000 within this month -65000 within next month.
Silver has given 7% negative YTD return. while all other base metals have given on an average 30% YTD. how can precious metals like SILVER GOLD be left behind. Bet on SILVER (and gold too) for short to medium term gains of about 7-10%. as equity markets have become volatile SILVER GOLD can give a smart place to park your funds to buy in corrections in EQ markets.
Technically too SILVER is trading near its long term support zone. 61000-59000.
Risks : US FED rates, RBI interest rates (not expected before FEB-MARCH)
Silver has given 7% negative YTD return. while all other base metals have given on an average 30% YTD. how can precious metals like SILVER GOLD be left behind. Bet on SILVER (and gold too) for short to medium term gains of about 7-10%. as equity markets have become volatile SILVER GOLD can give a smart place to park your funds to buy in corrections in EQ markets.
Technically too SILVER is trading near its long term support zone. 61000-59000.
Risks : US FED rates, RBI interest rates (not expected before FEB-MARCH)
Note
Today last date for ICICI Pru Silver ETF. They have to buy physical Silver equal to the amount they collect in this ETF NFO. Silver will shoot then.first target of 63000 crossed by 800 points. Heading towards 65000.............
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