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Silver if Hold Above 43000 Next Holding Target 45500—47200 (with in 10 to 15 days)

Silver if Hold Above 43000 Next Holding Target 45500—47200 (with in 10 to 15 days)

Spot Silver did notmanage to stay above the 50EMA at $15.65 and pulled back. However, silver saw increasedBuying interest at a minor support key level @ $15.30. In case this support level is breached to the downside, silver prices will head towards the next support at the 20 EMA near the $14.97 keylevel.

The 20 EMA level should provide significant supportfor spot silver since it has already been tested several times and proved its strength.

The nearestminor resistance keylevel is located near recent highs @ $15.76. In case silver manages to settle above this level, it will head towards pre-crisis levels at $16.40.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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