SILVER
silver is making a bottom for sure and this should lead gold to higher values in the first three days of the next week. im writing at 3.53 pm ist india. the current price is at 15.764. i expect it to touch 16 by wednesday.
Comment:
The silver prices have nt moved the way they were supposed to according to me yet they are still ruling at the same level. I still feel that staying invested is the right thing to do with the fed meeting scheduled for today. The movement of the dollar index has played spoil sport. It is irritating to say the least but i feel that considering that the expiry of silver contract in india is in mar we have enough time to make a good packet of money surely. As i write this silver is trading at 15.711. i state that one should remain with the long position still wit a target of 16.55 in mind.
Comment:
Small day bodies with falling volumes is a clear sign that a bottom is being formed in silver. Today around midnight ist the fomc will be coming out with their interest rate call. That should be a trigger according to me.
Comment:
After the good move in silver and gold both day before yesterday prices are consolidating at 15.88 as I write this at 12:12 pm ist on 15th of dec. I was just going through the setup and feel that the price of 16:35 is a good one to aim for in the coming week. corresponding level for gold i think will be 1285. The day today according to me will be lacklustre with a max move of silver going up to 16 back but nothing spectacular that i can see. The markets they say prove the smartest pandit wrong and if this is the case then keeping fingers crossed for a evening session which will be worthwhile to watch.
Comment:
this is the price chart on daily charts which is crucial to understand I feel a closing above 16.04 today is crucial for the quick achievement of our target of 16.35. The worrisome thing is today's closing, which has to be above the said figure of 16.04. Once that is achieved aggressive traders can wait for it to even hit 16.50 but people with a little less risk openness can book profits at 16.35. I for one am going to go right up to 16.70 =16.85 band. I will keep you updated on the same.
Comment:
This week and the next two more which means in date terms im statig upto jan 10 of 2018 will be good times for silver and gold both. I still keep my targets for silver at 16.50. Last weeks closing of silver was not above the required level of 16.04 and that is the reason i feel it will have to do a bit of ground work in this week which means that silver will start moving only by wednesday. As i write this silver is trading at 16.08 ( 6.51 pm ist 18/12/17 ).
Comment:
im writing this at 2.37 pm ist and wthe above graph is the hourly chart in silver. It is poised for a good move upwards. One thing all silver and gold traders should remember is that silver and old both lead rallies before the stock markets weaken. This is what we have been seeing happening here for the past three days as silver and gold have started moving up albeit slowly but surely and this is happening when the world stock markets are still forging ahead to record levels. The ascending triangle formation which one can clearly see in the hourly charts , though a continuation pattern yet is considered a bullish sign. the horizontal line which will corresspond to 16.1 will now be a support and the measruing implication brings us again to that red horizontal line of 16.52. So im alss set with a sell order at 16.51 ....lets keep track.
Comment:
the first target for silver has been achieved now the movement to 16.50. Its good to book profits now if you are uncomfortable with a weekend position as next week it may start off with a dip but those of you wanting to go to the end of the tunnel can stay with me. I will keep you posted on it for sure.
Comment:
i forgot to mention the price ///the current price as im writing this for silver is at 16.372
Comment:
target achieved silver is at 16.50