Thursday, 28 November 2013
Mcx News Today: Silver Price will Drop Down
Silver prices fall on sluggish demand. A weak global trend on speculation that signs of a strengthening US economy might reduce demand for the precious metals as safe haven also influenced the sentiment.
Silver markets tried to rally during the session on Wednesday, but as you can see found a lot of trouble above the $20.00 level, and formed a shooting star. Silver futures for March delivery declined 1.1 percent to $19.682 an ounce on the Comex. The price has tumbled 35 percent this year.
Today’s Trend for Silver:
Trend: Consolidate | Strategy: Buy on dips
R1- 45550, R2- 46700| S1-43150, S2- 42280
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