Commodity Silver Updates- Trading Strategy

Yesterday Silver made its highest one day loss over last 1 month and finally settled at 52596 with a loss of 3.52%. Today Silver is looking bearish limited to 52000-51700 levels and if it breaches the crucial 51700 levels, a drift downfall towrads 50000 can be seen later. Technically The broad trend is likely to remain negative untill 54000 levels. Above 54000 strong upmove can bee seen till 55000-56800 levels.

For Intraday Sell silver below 52200 for the targets of 52000-51800 Stoploss above 52600.

Above 52800 go for Buy for the targets of 53200-53500.

For Other Commodity Tips- MCX Tips Page.

Gold Silver Reports- MCX Bullion Tips

The breakout above 22300 and short term and medium term averages are showing a positive trend. A short term target of 22700 could be seen in coming few sessions.

For Intraday Day Go for buy in Gold June futures around 22450-22500 Target 22550-600 Stoploss- 22360


The prices are near to the next resistance level of 58000 so a Short term rally could be seen after few fluctuations. Traders can buy Silver July futures on dip around 55400-500 levels for the targets - 56200-56500 and stop-loss below 54850