Tuesday, July 12, 2011

MCX Silver Tips Today- Bullion Updates

MCX Silver on Monday declined almost 2% and ended up below 54000 level.
For Today Silver might show some more correction if it trades below 53200 levels. For upside 54100 is the crucial level. A direct rise above 55000 will be required for broad uptrend in silver. If silver fails to clear above 54000 level today, chances are there for silver to close below 53000.

For Intraday traders may sell silver below 53100 targets- 52850
else buy silver above 54100 only for the targets of 54300-500-750 keeping stop-loss below 53750.


Posted By Commodity MCX Tips