Silver had seen very great heights in 2008 and had seen a high or Rs. 25000/- per Kg with volume trades. It then came down to Rs. 20000/- by mid August 2008 and is at Rs. 21000/- while this is written.
Ganesha looks at the outlook of Silver in 2009.
Trading strategies based on this are not advised.
19th January to 31st January seems to be an average continuous bullish phase.
31st January to 21st February seems to be a very bearish trend.
From 21st February to 29th March with some more sliding and climbing, it will be erratic and may search for a footing.
29th March 2009 to 30th April 2009 will be a strong one way upside rally.
4th May to 4th June will be bearish
25th August to 16th September will be a strong bull run.
18to 24th November will be a strong week, pulling silver up to newer levels.
3rd to 18th December may be a reactionary time.
The last week of 2009 will again be bullish.
Ganesha has calculated the above dates based on transits of major planets. Some variation in strength or days extended or shortened should be expected due to transit of smaller planets.
Ganesha also would like to add here that as there are almost 6 Lunar eclipses in 2009, Silver will be mostly on the upward trend. One may see new all time high of Silver in 2009.
Wishing all a Silvery trading
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