February 06, 2012

MCX Silver Tips with Weekly Trend

MCX Silver is trading in downtrend and major resistance will be at 58000 / 60000 and 54600 / 52400 will act as major supports. The week gone by, bullion prices confined within range but ended up with mild gains. The silver is declined and is advised to sell for today's session the trading range for silver for the upcoming week will be in between 56400-56500 levels. The Strategy for silver should be of selling at higher levels.

MCX Silver Tips for Today:

MCX Silver (Mar) Sell near 56400 keep stop loss at 56855 levels and a target of Rs 55450.
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