Friday, September 30, 2011

Commodity Silver Trading Strategy

Silver is looking pretty strong on charts and a bullish run towards 53000-55000 may be seen on prices very soon. As 53000 acting as a stiff resistance, silver may take a reversal from there also otherwise if it do not maintains 51000 level, a dip towards 49500 could be possible. Major Support is seen near 49000 below which silver can face free fall. For the day traders can Buy Silver above 52000 to target 52500-52800-53200 Stoploss below 51650.

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Posted By Commodity MCX Tips