Silver is Gold

A

asnavale

Well-Known Member
#12
#12
vssoma said:


yesterday it went down.
today till now it has daily rage is only 450.
i am facing problem in find out the R and S's , any senior suggest me from my chart.
Click to expand...
I am not in commodities/silver/gold. But just by seeing the chart to me it appears that Support would be around 57600 and first Resistance around 59400 and then at about 60600. I may be utterly wrong.

-Anant
 
P

pratik_ghosh

New Member
#15
#15
What is the resistance line shown around 62500...
I am also expecting silver to crash but thats not happening at all...losing money by going short...can I short at 62500
 
A

AW10

Well-Known Member
#18
#18
Gold will always remain gold. When silver cracks by 7%, gold just drops by 0.5%.
If someone can't handle high beta instrument, then silver is not for them.

Dollar is going up, which is not good for commodities.
 
vssoma

vssoma

Well-Known Member
#19
#19
AW10 said:
Gold will always remain gold. When silver cracks by 7%, gold just drops by 0.5%.
If someone can't handle high beta instrument, then silver is not for them.

Dollar is going up, which is not good for commodities.
Click to expand...
Dear,
you are right....but as a day trader....we need high movement....either up or down....

 
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