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SILVER

Silver prices edged higher in last trading session near 68000. However it failed to sustian near the day high and closd around 67500 level. We may expect bounce back in Silver prices as on hourly chart we have observed range shift in RSI which indicate possible reversal in Silver. Traders may buy Silver around 67400 level for the target of 67800 level on intraday basis.

BUY SILVER AROUND 67400 SL BELOW 67000 TGT 67800/68200

NICKEL

Nickel prices edged higher in last trading session after prices managed to bonce back after respecting the strong support zone of 1310 and closed around 1320 level. Overall trend is sideways for prices as long as it is trading below 1335 level. Traders can sell Nickel around 1330 level for the target of 1325 on intraday basis.

SELL NICKEL AROUND 1330 SL ABOVE 1335 TGT 1325/1320

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