Silver is Gold

[sumeetsj]

Silver EOD chart,
looks like headed for a big breakout,
which side will it be ?

 

[prst]

better we have a look at volumes and some other indicators too ..

 

[bullnarsing]

hello traders

iam new be in commodities . iam intrested in metals trading .iam in touch littlebit TA
presently i do my papertrading with gci. i hope my real time trading start soon .seniors
i want your valuble advise and correct me when iam wrong . wish me

 

[vssoma]

 

[sumeetsj]

better we have a look at volumes and some other indicators too ..

In many commodities, (stocks also nowadays), which are mostly very liquid,
volumes dont hold a good meaning.
Reason is they can also be Arbitrage volumes.

Hence in liquid commodities like Silver where heavy arbitrage takes place on
Comex/MCX volumes should not be given huge importances

 

[mdrafi67]

yes...wat sumeetji said is right.............but a combination of vol,any indicator n oscillator for analysis is gud but should be distinct....means EMA,MACD both follow MA so avoid its combination.... rather go for MACD,RSI n PER WILLIAMS.............hope this will help....

 

[prst]

soma,

should we go long on silver now, or wait for the macd to turn up a bit?

regards
prashanth

 

[bullnarsing]

as my upto knowledge silver is shown some weakness hear .but strong dollar rate
hold the bearishness domestically.so we have abjerve the dollor price carefully

 

[vssoma]

 

[vssoma]

dear,
for gold and silver real time charts in dollar form i am watching here...