Silver on MCX is recovering to some level. In international market, Silver has gained considerably today’s which has been seen in MCX as well. MCX silver as seen in the weekly chart is found resistance at 58785 after it fell suddenly lower towards 55652, and closed lower.

For the next week Our Share Tips and MCX Tips Expertise expects that Silver prices to find resistance at 56800-56950. Trading consistently above 56900 can trigger a sharp rally initially towards 57680, then 58000, and then finally towards 59960. For such fluctuation the 60000, can be a last point at this time. So above that a new trend formation can be perceived.

Now Support is observed at 54880-54830. Trading below 54800 would give correction initially towards 53700, and then finally towards 52806.

Silver March 2012 Overall trend is sideways now resistance at 56000 and downside support at 54000 to watch out. Higher level to sell side.

Leave a Reply

Note: Only a member of this blog may post a comment.

    Best Posts

    Free MCX Tips For Today .MCX Gold prices have dropped sharply at the mcx index. Gold also showing less volume in some trading session...Read more

    Best posts

    Today's MCX Tips
    Sell Gold on rises in range 27400.85-27499.58...Read more

    Best Posts

    MCX Gold Trading Tips
    If you are looking forward for to your short term investment then you can make yourself available for day trading....Read more

    Best Posts

    Free MCX Trade Tips for Today.
    MCX gold edges higher, resistance at Rs.27626-27731.25..Read more