If we look at the given chart in silver, we can see that it have a strong support at the lower end of the channel which is at 32. Even if we look at the low of the current fall which started form May, silver made a low of 32.0. Therefore 32.00 should act as a very strong support.
If we look at this chart we can see that silver is forming a grave stone doji pattern in quarterly chart. Therefore I think there is a high probability that next quarter silver will form an evening start pattern and will correct substantially. The confirmation of this pattern can only come once the month of july is over.
Therefore at this point in time I am not bullish on silver for next 6 months. I will sell silver if it breaks 32.00 on weekly basis.
Similarly if we look at gold the chart appears to have a very strong structure. I am expecting a good correction in gold price but chart are not confirming to my expectation.
But I also do not see a significant up move in gold. I think gold will at the max move up by 8 -10% form this level.
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