Wednesday, July 6, 2011

MCX Silver Trend Today 6 July 2011

Silver on Tuesday saw a great upside momentum and could able to see a rally of more than 3%. To prevail this strong up trend Silver will have to consistently trade above 53350. A trade with volume above the same would take Silver to the levels like 53900-54700 and even 56000 later. But if it does not sustain above 53000, it may negate the bullish view of silver commodity.

Intraday traders can buy silver above 53500 for the targets of 53700-53900-54200 keeping a stop-loss below 53100

while below 52950 go for sell in silver with targets -52600-500


Posted By Commodity MCX Tips