Silver as an investment

Asian Metals Market Update: Apr-18-2017 / By: Chintan Karnani, Insignia Consultants / 18 April 2017

The fall in gold and silver is just profit taking which if it continues during the day will result in more losses. Intraday volatility will rise. News from North Korea and other parts of the globe will be closely watched. The next seven trading session are very crucial for gold and silver from a medium term perspective. The ability to have a sustained rise will be tested for gold and silver bulls.

This week I am against buying gold unless it trades over $1307.  Silver needs to trade over $1827 to prevent a sell off. Copper needs to trade over $256 to continue to rise more. Crude oil and natural gas prices will be dependent on the ability to hold key supports.


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