Tuesday, 8 May 2012

MTECHTIPS

MTECHTIPS:-SILVER

The silver  witnessed  range bound trading session with negative bias. The  commodity is trading in a range around 55000. Strong resistance in the commodity comes above the 55600 levels, and if the commodity manages to breach and hold above these levels we may witness silver testing 56200 levels also. Trend is weak and if the commodity  dips below 55000 levels more downside testing levels well below 54000 may also be seen in the markets.

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