| SILVER (Spot) intraday: further advance. |
Pivot: 32.51
Our Preference: LONG positions above 32.51 with targets @ 33.35 & 33.7. Alternative scenario: The downside penetration of 32.51 will call for a slide towards 32.3 & 31.9. Comment: the RSI is bullish and calls for further upside. |
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All eyes are on the US economic calendar,where Housing Starts and Building Permits headline the docket. Expectations point to improvements on both counts in September. This may further buoy gold and silver following yesterday’s rebound as a pickup in US growth against a backdrop of ultra-loose Federal Reserve monetary policy drives inflation-hedge demand for precious metals.
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id
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