Silver rises, MCX silver resistance at Rs.53810
Silver under pressure, MCX resistance at Rs.52760
MCX Silver weakens, resistance at Rs.53240-53343

Silver is in demand more and more as manufacturing and raw silver are needed, increases its level something that was previously held back by economic strain. Silver is on par to keep up rises due to upturn of the economy as well as ongoing investors driving up the price of gold. Silver could very easily surpass previous year’s high of $50 an ounce in the near future through improved investments and an economic rebound in the leading countries.

MCX Gold Tips for the day:
In the previous week, above-27560 sharp movement results in making a high of 28915. However due to profit booking, manages to close above 28600. In the current time trend is positive as long as holds the 28021-27521 level. On the higher side, 28955-29210 are a stiff resistance; successfully crossover will test 29421 in the near term.
Trend Decider of this week - 28640, and key level 28478.

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