Silver (Like page to get updates)

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Address: Indore, 452001, IN
Telephone: 8889034986

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Mantra commodity & wealth management was founded in 2007 & since then involved in providing technical studies on all major commodities in indian market.

Where gold will move now ? Will copper come down again ?? Crude can buy for long term ??? why natural gas moving like this ???? Technical analysis is the answer for all above questions. Mantra commodity, a group of analyst serving since june 2006 & technical analysis is always been a unbeatable tool. Trading never done with head or tail probability but its always done by knowledge, dedication & ha

rd work. In our blog we try to post most helpful articles based on technical analysis & providing most possible aspects for future movement on all major commodities. Dear reader, trading is not gambling. Trading involved risk as well as rewards. Trading is investment, trading is business. Do not expect to get multiple return on your investment in days

To win the game, just stay in the game. Best of luck.

20/08/2015

Gold above $1133 as per last gold report.Check it out here
http://mantracommodity.blogspot.in/2012/07/gold.html

09/04/2015

Silver (09.14.2015) moved higher & almost kissed the $18.70 as per our last report. However strong down trade line stopped the momentum.

Now silver is trading around $16.36 mark & as we can see on charts, silver rally was strongly rejected by descending trade line & this will be the 4th point when we have a rejection here. This shows the strength of the trade line. As well as the price are trading well below 38.2% fibonacci retracement now with RSI below 50 mark now. A major H&S is under construction & if it succeed then we may witness major downfall in silver prices in coming months.

On fundamental side, continue weak industrial demand of silver from china & other countries will keep the pressure on downside. Gold to follow too.

Based on above studies, silver may continue with downside move towards $16 mark , followed by $15.25 in coming weeks.

Note - Above technical analysis is not a buy/sell recommendation. For recommendations Contact Us
Call Us : 088890 34986
MCX levels -> S2(35000) S1(36050) cmp(36700) R1(37100) R2(38200)

07/01/2015

Silver(07.01.2015) remain very quite for more than 2 months & traded in range. However this range bound trading came with some surprising moves which plotting the future movement story most probably.

Fundamental remains very weak for silver from last few months, gold with bad performance in 2014 kept pressure on silver as well as slowdown in leading manufacturing economy china slashes silver demand as industrial metal. With a positive start of 2015 from gold & a major expectation of QE from china , japan & europe together could provide a supportive ambiance for this metal.

Coming to the technical picture, Silver trading at $16.35 while i am writing this & as we can see on chart in December 2014 silver made a low around $14 mark & bounce same day with some extra volume. This move almost tested the 261.8% fibonacci retracement level of last upside move. This move also provided a strong positive divergence on charts as well as a falling volume under consolidation period suggest absence of sellers on current level. Thus a combination of bounce from lower trendline of long term descending channel & a most possible inside bullish channel hinting for a recovery ahead. Area around $17.70 & then $18.70 could be targeted in coming trading session.

SILVER MCX has same story like comex silver still on mcx charts, silver looks more comfortable , probably due to INR movement. A strong black cloud cover candle with great volume & follow up by a consolidation period with thin volume. RSI generating a positive divergence . Silver also broken above a descending trendline & currently following a minor upside channel. This technical setup suggest for a bounce ahead to retest the previous high around 39000 & then may be 41000 in coming trading session.

At the end time will tell us the true story.
Best of luck.

Note - Above technical analysis is not a buy/sell recommendation. For recommendations Contact Us
Call Us : 088890 34986

12/11/2014

Daily commodity technical analysis - November 12th, 2014. http://mantracommodity.blogspot.in/2012/07/contact-us.html …

10/11/2014

Silver bounced from 261.8% Fibonacci retracement & a lower trendline of current descending channel. More stability will come above $16 mark while a reversal could lead for retesting for lower trendline.

www.mantracommodity.blogspot.in

03/11/2014

Silver fall with gold , however area around $15.94 represent 161.8% fibonacci retracement of last minor up move which could delay the further downside move. A move below this mark will volume will open door for more downside move.

For detail article visit www.mantracommodity.blogspot.in

21/10/2014

Silver trading upward in flag pattern. Stability above $17.70 needed to gain strong momentum.

www.mantracommodity.blogspot.in

20/10/2014

Silver broken from pennant pattern. Upside move will be more strong above $17.70 mark.

www.mantracommodity.blogspot.in

16/10/2014

Silver still facing hurdle $17.55, Stability needed to move quickly. Overall bullish.

For detail article www.mantracommodity.blogspot.in

EnJoY. .

30/09/2014

As mention yesterday, silver broke from triangle pattern & fall sharply. Some shot covering possible ahead. For detail article check www.mantracommodity.blogspot.in HaPpY TrAdInG.

17/12/2013

Silver (17.12.2013) traded in tight range from last few weeks & probably building a support area.

Now silver is trading around $19.78 & as we can see on charts silver fall sharply with gold in last weeks, even little more compare to gold. Meanwhile it touched the 161.8% feb correction area of the last ascending wave around $18.86 & bounced back. However the bounce was restricted at 38.2% correction. The current downside move can be consider as a correction due to inside candlestick pattern & over bought indicators on small time frame. At the same time we also witness a upside channel inside the medium term descending channel, which suggest for more upside move in coming weeks. Candlestick pattern is positive while indicators are neutral now.

On fundamental side coming FOMC event will play important role. Expecting again a no result event from fomc & could delay tapering for new year,

Based on above studies, we will prefer to buy silver for possible targets around $20.55 & then may be $21.44. Only a day close below $18.86 will delay the forecast.

Trade with Us CALL 088890 34986
See more at: http://mantracommodity.blogspot.in/2012/07/silver.html .5JzatlvL.dpuf

11/09/2013

ilver (11.09.2013) traded lower after placing fresh high around $25 & now a corrective wave is under progress.

Now silver is trading around $23 mark & we can see on charts, silver is moving under a descending wave after kissing the long term descending tradeline.This dowside move can is also limited by an triangle pattern which is an non-ideal pattern with higher rate of failure. The edge of the triangle also in combination of 38.2% feb correction level, a break below which may generate fresh selling. Continue structure of lower higher-lowers lows indicate the same.

Based on above studies, we will prefer to sell silver with a clear break below $22.87 for possible targets around $22 & then $21.41

Only a break above $23.58 will reject the forecast. -
See more at: http://mantracommodity.blogspot.in/2012/07/silver.html .AIe8t16e.dpuf

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