Silver prices
eased as the dollar advanced in choppy trade and on expectations that
the U.S. Federal Reserve will further raise interest rates. Gross
domestic product increased at a 3.5 per recent annual rate instead of the
previously reported 3.2 percent pace, the Commerce Department said. If silver continues to fall we can say the
breakout was false. If the shining metal breaks 41400 handle a bigger dent will
appear which will give a good profit booking for short selling positions. On
upper end 41800 will be first resistance and 39900 will be the initial support
for the shining metal.
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