comex silver prices back to august 2015 lows

Comex silver is trading at 14.15$ with loss for week
This will be straight fifth losing week for this precious metal
Silver prices are around Aug lows of 13.9$
 
Which is very important technically.
If prices sustain and forms bottom here
This will be “double bottom” pattern formation on weekly chart
And buy signal for swing traders and investors
With price target minimum 16.2$
 
Breakdown below 13.9$ on weekly basis will be very
Bearish and expect historic lows for silver prices
In that scenario expect 13 to 12$ as target zones for silver
Which are 2008-2009 levels for silver prices !!

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Updated: 18/11/2015 — 10:26 AM

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Pramod Baviskar

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