Technically market is under Short and Getting Support at 40722 and below same could see a test of 40467 level, and resistance is now likely to be seen at 41343, a move above could see prices testing 41709.
Trading Ideas:
--Silver Trading Range for the day is 40467-41709.
--Silver prices seen supported after the U.S. Federal Reserve indicated no intention to raise interest rates soon.
--Fes’s minutes revealed U.S. central bank plans to continue tapering its monthly bond-buying program and rely on other tools to normalize monetary policy.
--Holdings at ishares silver trust dropped by 0.35% i.e. 35.86 tonnes to 10284.40 tonnes from 10320.26 tonnes.
www.punjiniveshonline.com
Trading Ideas:
--Silver Trading Range for the day is 40467-41709.
--Silver prices seen supported after the U.S. Federal Reserve indicated no intention to raise interest rates soon.
--Fes’s minutes revealed U.S. central bank plans to continue tapering its monthly bond-buying program and rely on other tools to normalize monetary policy.
--Holdings at ishares silver trust dropped by 0.35% i.e. 35.86 tonnes to 10284.40 tonnes from 10320.26 tonnes.
www.punjiniveshonline.com
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