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:
SILVER
(DEC)
Trend:
Consolidate | Strategy: Buy on dips
R1-
45550, R2- 46700| S1-43150, S2- 42280
For more accurate news and
updates on Mcx and Commodity market visit us at www.capitalheight.com .
Trend in FII flows: The FIIs were Net Value of Rs -431.77 the cash segment on Monday while the DIIs were Net Value of Rs 1076.81 as per the provisional figures.Nifty Futures Tips
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