SPOT SILVER LEVELS FOR 25.05.2009
14.62 above 14.83-14.94.
(Strong Res-14.94)
14.62 below 14.47-14.41-14.36
(Strong Supp-14.47, 14.36)
As said Silver made our target of $14.60. It crossed $14.60 with volumes and made $12.80+ and cooled off as expected and came down till $14.69. Apply caution in Silver as it has to stay above $14.36 for this week. As long as $14.36 stays intact, Silver can try to do $14.94 soon. It is always better for any scrip to consolidate once before a rise. If it gives a straight rise then we need to face a straight fall also.
14.62 above 14.83-14.94.
(Strong Res-14.94)
14.62 below 14.47-14.41-14.36
(Strong Supp-14.47, 14.36)
As said Silver made our target of $14.60. It crossed $14.60 with volumes and made $12.80+ and cooled off as expected and came down till $14.69. Apply caution in Silver as it has to stay above $14.36 for this week. As long as $14.36 stays intact, Silver can try to do $14.94 soon. It is always better for any scrip to consolidate once before a rise. If it gives a straight rise then we need to face a straight fall also.