Silver
Comex Silver price did not sustain on higher levels when it fired at Fed decision , we suspected in our very next forecast after fed which we updated that silver not looking strong and it might fall and it fallen as expected and tested at 15.52$ lowest last week. This week trend looking negative and bears have upper hand this week. So I would advise to avoid buy for now.
If spot silver price click our weekly technical resistance of 16.30$ and close above our hurdle then expect silver price to test upto 16.90$ – 17.80$ this week
If silver price click our weekly technical support of 15.40$ and close below our this support then expect silver to correct upto 14.80$ – 14$ this week
so we should buy silver as its corrected more than gold ?
or shall we sell silver as its looking weaker than gold ?
Silver trend looking weak so avoid major buying for now. Wait for some rise to sell either. Market is looking unstable at the moment.
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More will update in daily silver forecast