Thursday, August 09, 2012

MCX Silver Trend & Levels For Today

MCX Silver prices gained by 0.1 percent due to depreciation of Indian rupee. MCX Silver touched intraday high of 53620/kg yesterday. Experts believes that MCX Silver prices will get further support upside due to depreciation in the Indian rupee. Spot Silver prices declined by 0.3 percent yesterday due to strength in DX and also weakness in spot gold prices. The Silver touched intraday low of $27.70 and settled at 27.99 in yesterday's trading session.
MCX Silver (Sep) Levels For Today -
Support – 53200, 53000
Resistance – 53600, 53800
Spot Silver -
Support – 28.05, 27.90
Resistance – 28.25, 28.40