Wednesday, 16 May 2012

MTECHTIPS

MTECHTIPS:-SILVER

The silver  witnessed sharp decline in  yesterday’s session as the commodity dipped well below 53000 levels. Silver is trading in a weak zone and has failed to take support at lower levels. The commodity has very strong support at lower levels around  52600, any dip in the commodity below these levels will open up levels of 52200 in coming days. The commodity has a very strong resistance above 54000 levels, any up move above these levels will open up 54600 levels.

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