Articles


  • SILVER - Weekly Report



    Short Term trend: Bearish
    Weekly Bias: Bearish

    Silver pushed higher on Friday, but remains below the first tier descending resistance shown on chart, and below the 50-days SMA in addition to the main descending trend line . Accordingly, the bearish scenario remains favored .

    ** Short term ( Less than three months)
    ** Chart is based on GMT+2 timing

    Notes:
    *if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
    Support 19.80 19.50 19.25 19.00 18.70
    Resistance 20.10 20.20 20.60 21.00 21.40
    Recommendation Short below 20.60 targets at 20.00.19.25, and 18.70 Invalidation above 21.40


    Read full article
  • Rabindra Kayastha

    Authorized Person for MEX NEPAL
    Mob: +977 9856030634

  • Pawan Dhakal

    Biratnagar Branch Manager
    Mob: +977 9852033934

  • Our Clearing Member

    Himalayan Commodity Brokers

  • Our Banking Partners

    Laxmi Bank
  • Bank of Kathmandu
  • Nepal Investment Bank Limited
  • Century Commercial Bank Limited