MTECHTIPS COMEX SILVER INTRADAY trading analysis 09-05-2016
MTECHTIPS :- Silver Xag usd this week closed at 17.46 with loss. Lower level up to 17.1$ was seen in this week. For next week, silver spot might continue to correct, on downside 16.8 and 15.55$ are support zones.On upside 17.8 to 18.1$ levels are fresh short sell entry zones.Monthly chart suggesting reversal below 18.6$ will be fetal for this commodity. In that scenario expect 15 to 13$ levels again in medium to longer terms.
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