Comex Silver signal

A good day for our silver signals subscribers . We asked them to sell this precious metal . It crashed and our subscribers booked profit on our target. Here is what we wrote to our subscribers .

Sell silver at 17.13$ with stoploss of 17.34$ for target of 16.90$.

It crashed and our subscribers booked profits and fetched more than 100 pips in this trade. We made nearly 1000$ profit per lot in this trade.

Currently its trading at 16.88$. Once trader breaks 16.70$ and manage to sustain trade beneath our support today. Then expect this major commodity to test upto 16.50$ – 16.20$ today.

A good hurdle on this major commodity stands at 17.10$, Once traders break this hurdle and manage to sustain trade above our resistance. Then expect good recovery in xagusd prices upto 17.35$- 17.54$, above 17.55$ bulls will force their way upto 17.99$ – 18.30$.

Currently precious metals pack trading under pressure due to rising dollar index. Watch out for dollar index movement to determine the trend of precious metals.

Gold price also trading under pressure at 1197$, A good base on gold chart stands at 1188$, If traders tank this base and manage to sustain trade below or support. Then expect 1180$ – 1174$ today in gold price.

A good hurdle on gold chart stands at 1209$, If traders break this major hurdle and manage to sustain trade above our resistance. Then expect good recovery in gold price upto 1217$ – 1226$ today.

Gold trend is weak for now, avoid any major buy position trade with extreme caution and strict stoploss. Watch out our gold analysis for tomorrow to determine further trend of precious metals.

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By marafat