COMMOTRENDZ SILVER VIEW FOR THE DAY ::: SILVER HAVING STRONG SUP AT 58400 ANY CLOSE BLW SAID LVL WILL SEE FURTHER WEAKNESS. RISK TAKER CAN ADD NEAR SUP LVL WTIH STRICT SL BLW 58300 FOR UPSIDE TGT OF 60000 LVL. STRONG RES NOW SEEN AT 61090 IF ABLE TO GIVE CLOSE ABV THIS LVL WILL SEE SOME MOMENTUM FOR UPSIDE. INTRA OUTLOOK REMAIN POSITIVE 4 THE DAY.
SILVER COMEX INTRA TRADING RANGE 35.66-34.66 BIAS RANGED BUT BUY IN DIP FOR THE DAY.
SILVER MAY MCX TRADING RANGE 58300-61090 EITHER SIDE BREAK MORE DIRECTION ON CLOSING BASIS.
SILVER LBMA FIXES AT 34.56 WEAK BUT RECOVERED SLITELY.
SILVER ISHARE HOLDINGS STANDS AT 9767 UP BY 27 MT. IF WE SEE FURTHER RALLY IN ETF HOLDINGS THEN WILL SHOW SOME POSITIVE OUTLOOK IN SILVER ELSE WILL REMAIN ON SIDELINE.
GOLD SILVER RATIO STANDS AT 48.65 visit www.commotrendz.com
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