October 22, 2012

MCX Silver Calls Trend

The silver prices are trading below 59900 prices entered into the bearish region and is expected to continue the selling pressure towards 58800 / 58100 or even more. Silver rise above 61350 would be required to register further bullishness. Initial moves are likely to resist near 431 followed by a consolidation and drift higher. If silver dropped below 429 would be an early signal of selling pressure towards 421.
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