Silver futures fell
nearly one percent away from a two-week high, even as the dollar slid to the
lowest since late September, following earlier data from the US, and after
major global central bank governors hinted at possible tightening of monetary
policies in the next period. These remarks were priced in by the markets as
bullish and an indicator for policy tightening soon, and maybe a trimming down
of the asset purchase program by September, but several statements from ECB
sources today asserted that markets misunderstood Draghi yesterday as he
pointed to weak inflationary pressures. Silver is bearish for medium-long term
.Currently Silver is moving sideways The Silver is now trading in oversold
level. The Silver is now trading in oversold level. The oscillator is showing
buy signal .In last 1 month volatility is very less Buy the Silver above 40106
or buys with strict stop at 37650. The Silver is now trading in oversold level.
The Silver is now trading in oversold level. The oscillator is showing buy
signal for short term Silver is in hold short position. Support for the Silver
is 37650.Resistance for the Silver is 38900.
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