April 19, 2012

MCX Silver Trend Tips

MCX Silver May contract ended on a positive note on Wednesday on account of a weaker Rupee and touched an intraday high of 56,280. The silver is currently trading in uptrend with a gain of 0.15% and at the price levels of 56148 levels and is advised to buy for evening session. MCX silver could see feeble buying interest, but it would require a direct rise above 56500 to negate the momentum. An unexpected turn lower below 55400 would target 54600/53500 levels later.
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