Saturday, August 20, 2011

MCX SILVER TIPS 20 Aug

The Silver is in perfect uptrend .Currently Silver is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Silver Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position and closed above 1 month high with volume signals up breakout.

MCX SILVER SUPPORT AND RESISTANCE :-

Support for the Silver is 59512-59204-59091-56678-56521-55990
Immediate resistance for Silver is 64758

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