MCX Silver Strategy Today 28 April 2012

Precious commodity Silver is showing negative view today. In previous it has introduced negative at Rs 55908 and its highest touched 55929 today, yet do not recover them position. Last trade of MCX Silver was closed down at Rs 55983 on Friday.

 

Silver Trading Strategy Today:-

Sell MCX Silver with May contract below 55920.

Targets- 55893, 55857

Stop Loss- 55953

MCX Silver Current level

Resistance – 56405.7 to 57233

Support- 55561.3 to 54743.5

MCX Gold and Silver Update and Trading Tips 7 March 2012

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After holidays MCX Precious commodity Gold and silver have positive introduced today. MCX gold has opened at Rs 28119 and it’s going up with slow moment. Current position of MCX Gold is trading up 0.25 percent at Rs 28150, while last trade of it was closed at Rs 28080.

Support and Resistance- R1- 28201, R2- 28225 and S1- 27935, 27815

MCX Gold Call: - Buy MCX Gold with June contract above 28155.

Targets- 28167, 28189.

Stop Loss – 28137.

Silver on MCX is trading up near to half percent at Rs 56162 at around 10.30 Am, while in previous it has started positive with slow at Rs 55961.

MCX Silver has currently bullish trend, Support- 55471 and Resistance 56801.