Wednesday, July 27, 2011

Precious Metals Updates: Silver Trading Strategy For 27 July

MCX Silver (September) after making day low of 59111 showed good upside momentum . Silver traded in manage of more than 1000 points on Tuesday and could managed to close above 60000. Silver has successfully crossed its resistance near to 60200 and now it is heading towards 61000 mark which is the next crucial upside resistance for major rallies.
Day traders can buy Silver around 60250 for the targets of 60500-60800 and If Silver breaches 61000 mark, they can target some more upside levels.


Posted By Commodity MCX Tips