Chart source: Tradingview.com

Action: Positional Buy @45475                Profit Target: 45960                  Stop Loss: 45206

Silver on Daily Chart witnessed some buying today especially from the mid-session Price is trading above its 50EMA 45444 that could be a very key level for coming trading session. Going forward it has traded below 20 EMA 45731 in the past few sessions. Although there is anticipation Silver might trade above its 20 EMA 45731 incoming session as India will celebrate the festival of lights this week and demand will emerge on this occasion.
I can expect Silver might trade in the broader range between 45200 to 46000 in the coming sessions


***





Disclaimer :

"There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. I cannot and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned on my blog Site may not be suitable for investors depending on their specific investment objectives and financial condition. The information provided by me, including but not limited to my opinion and analyses, is based on financial models believed to be reliable but is not guaranteed, represented or warranted to be accurate or complete. The charts depict the results of our models and are not influenced by any other factors except the updated parameters which the models use. The models’ signals should not be construed to be investment advice. The information may contain forward-looking statements about various economic trends and strategies. You are cautioned that such forward-looking statements are subject to significant business, economic and competitive uncertainties and actual results could be materially different. There are no guarantees associated with any forecast and the opinions stated here could be wrong due to false signals from the models, or the models being incorrectly structured, incorrectly updated and/or incorrectly interpreted. The signals, forecasts, the BlogSite, and my products and services, only express my opinion of various securities. My opinion will be wrong at times because of the limitations of investment analysis. Investment analysis, whether fundamental, technical or any other form of investment analysis, can not predict the future and is not a science that predicts precise and accurate results. Your use of any information from the blog site is at your own risk and without recourse against me, its owners, directors, officers, employees or content providers."