Silver Updates, Silver Trend and Trading Tips

Commodity Gold and Silver, as expected, are trading higher on MCX Market. Silver is likely to prevail the bullish trend for the day. Fed’s statement to go for stimulus measures if needed and weakness in dollar index is going to help domestic silver to shine the market. On MCX Silver (May Contract ) is currently trading around 55500 and prices are expected to touch 55800-56000 level soon. So silver can be the best pick for today's commodity trading. Traders can buy silver around 55500 for the targets of 55750-56200.