Silver was moving higher previous session as euro surged against dollar but now it fall again In today's session Silver May contract at MCX trading at Rs 57059, down by 1.26 percent by 16:09 IST and touches an intra-day low of Rs 57854.
According to our "MCX Trade Tips" Experts, "Silver Prices" are expecting to trade lower today as in the evening session positive US economic data will lead to strengthening in the US dollar. Hence Silver prices are expected to remain under stress for the evening session and technically MCX Silver May contract having good support at Rs 57050 and Resistance at Rs 58400. If Silver prices sustain below Rs 5850 then expect next price level of Rs 57596.
MCX GOLD (April)
In the last week, downside support 27894and from the level of 27900 bounces back and finally made a high of 29145 and manages to close above 28970. For this week, consider support at 28890; decisively break with volume further downside open up to 27870, higher-level resistance at 28985 to watch out. Downside closely watch support level of 27610-278960.Weekly Trend Decider 27100.
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