Silver - - not as worth as gold !!

Silver on the MCX (as also on the comex) has been underperforming Gold. Usually my observation has been that in uptrends, Silver outperforms Gold. But the markets have the notorious habit of proving traders wrong. It is the traders who have to be careful in 'generalizing'an observation.

Lucky for me as I was constantly tracking Gold rather than silver.



The chart shows that Silver on MCX has a strong resistance near Rs 21500 and long term support near Rs 18000/-. Also even though the recent price move has been downward, the positive divergence on the charts indicate upward bias.

Happy trading (and observing)

CA Rajiv D Khatlawala