Silver prices did not break our weekly support last week but yet it closed below 15$ which is not a good sign for silver buyers , Silver price has a major weekly support at 14.50$ if it break and close below this major support then a complete nightmare for silver buyers upto 13.80$ – 13$ and even more , Beside technical levels in silver we believe that silver has limited downside compare to gold and it should not crack like gold so silver looks safer bet than gold atleast this time , remember silver is not only a precious metal but it also an industrial metal too , I will update regarding silver on my twitter too in live market
If silver price click our resistance of 15.70$ and close above this major silver trading hurdle then expect a good run in silver rates upto 16.50$ – 17.80$ and even more
Forecast for silver this week conclusion : Silver trend is weak so avoid major buy trades
More will update in intraday silver reports