Tuesday, August 9, 2011

MCX SILVER TIPS & TREND TODAY : Tuesday 9 August

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MCX Silver trend today is up. We can see a good business in bullion metals specially MCX Gold. MCX silver is suported with good volume. The Fed should be expected to say that it will do whatever is necessary to support the economy. Gold can test 26,000 while silver again test 61,500 in MCX in near term.

MCX SILVER SUPPORT AND RESISTANCE TODAY :

Support for the Silver is 58885-58572-58239-57047-55411-55192
Immediate resistance for Silver is 62634

MCX SILVER INTRADAY TREND :-

Buy is advised only above 60644.5 with a stop at 58403.2 
Below 57736.8 go for sell 

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