keep buy accumulate view for silver future tgt 35400

mcx silver weekly predictions for 30 nov. to 4 dec. 2015

Mcx silver future this week closed with gain at 33700.After last 5 weeks losses silver given positive closing. But trend and momentum both are bearish and downside
Still not ruled out. For next 32600 and 32100 are strong supports on downside while on upside expect supply from the market at 34100 and 34800. Traders can keep sell on rise view with stop loss for target 32600 and below. While long to medium term investors below 33k keep buy and accumulate view for target 35400. In an extreme situation, silver might test 30,300 level which is suggested by monthly trend channel.

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Updated: 28/11/2015 — 11:12 PM

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Pramod Baviskar

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