MCX
Silver Tips : Sell Silver mini between 52600 and 52620 with
target of 52400 and target of 52000 with stop loss of 52750
MCX
Silver (Sep) Support and Resistance
S1
– 52100, S2 – 51600, S3 – 51050
R1
– 53200, R2 – 53650, R3 – 54100
Yesterday
there was a steady trend for precious metals there was little
movement in spot Gold, Spot Silver moved slightly up and closed at
1588$ and 27.34 respectively. Due to weak US jobs data, investors
chose to stay calm awaiting for fresh results. Unsuitability in
global economic growth and concerns over Euro debt crisis is
affecting the market pace as efforts are going on to get good
results.
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