January 09, 2012

MCX Silver Tips Trading Trend for Today

Bullion metals gold silver eased on Friday, snapping a five-session. But Silver prices are witnessing selling pressure and silver prices expected to test 50500 - 50000 on lower end. Sell on rise around 51800. Oscillators indicating flat to down move. MCX Silver (Mar) contract is currently trading at 51900 levels. MCX Silver is advised to Short on upper side.

MCX silver (Mar) Sell around Rs 53,700 or 53,800 with stop loss above Rs 54,200 and target of Rs 52,400 and 51800 in next 3-4 days.
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