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| Silver Trend Today |
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MCX Silver futures prices at the Globex also retreated at the early trade as the Asians are facing the news of delayed Greek deal. This has raised the concern for Greek default by March 20 when they are due to pay the redeemed bonds of amount 14.3billion Euros. As discussed in gold’s outlook, the Euro is likely to remain weak for the day owing to the postponed Greek deal and the US releases are also likely to be positive for the US economy. Besides, minutes of the FOMC meet created doubt over the easing for any time soon. Hence, silver might remain weak for the day and therefore we recommend remaining short for the metal
MCX Silver Support and Resistance
MCX Silver (mar) Levels :- S3- 55500 S2- 55775 S1-56025 R1- 56550 R2-56785 R3-57025
FREE SILVER TIPS
Sell Below 56200, Sl Abv 56350, Tgt 55775 / 5550
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