Silver Report: 5th October 2018

Insignia Consultants

New Delhi

Friday, October 5, 2018

TIME 8:45 AM IST                       

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SILVER REPORT

There is expectation that lower prices (if any next week) will be used by Asians to buy physical gold. Chinese will be there next week. In India, Hindu festive season will begin from 10th October and continue till 10th November. There will be gold demand next week if prices fall. If gold prices do not fall in India, then gold jewelery demand and physical gold demand will be just initial hyper only to fade away quickly.

Today’s US September nonfarm payrolls will be the key. Monday USA is closed.

COMEX SILVER DECEMBER 2018 – current price $1459.50

Bullish over $1460.50 with $1485.50 and $1509 as price target

Bearish below $1453.00 with $1439.00 and $1411.50 as price target

Neutral Zone between: $1453.00-$1460.50

  • Silver needs to trade over $1448 to rise to $1496.
  • Small sell off will be there below $1454.
  • Crash will be there if silver does not break $1477 today.
  • There can be very sharp two way moves in silver.

HAPPY PROFITABLE TRADING & TAKE A CALCULATED RISK TODAY FOR MAXIMUM PROFIT

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
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