Saturday, May 14, 2011

Silver Updates- Trading Strategy For Coming Week

Market Overview
COMEX Silver is technically weak on charts. Last week COMEX Silver c neither sustain on higher level nor at lower level. For the upcoming week 3200$ and 3000$ are the crucial supports and 4000$ and 4250 $ are crucial resistance in COMEX Silver. In MCX Silver 61000 and 64000 will act as major resistance and 49000 and 46000 will act as major supports.
Technically COMEX Silver is weak on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3200$ an ounce, then above 3700$ an ounce it can further go upward and can test the level of 3850$ an ounce. Trade by keeping the proper stop losses.


Posted By Commodity MCX Tips