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Saturday, July 2, 2011

Silver Tips

MCX Silver Weekly Analysis Report 4 July to 9 July 2011
MCX Silver Overview
COMEX Silver is technically weak on charts. Last week COMEX Silver was sustaining at lower levels and closed near to its week low. For the upcoming week 3230$ and 3020$ are the crucial supports and 3800$ and 4000$ are crucial resistance in COMEX Silver. In MCX Silver 54000 and 57000 will act as major resistance and 49000 and 47000 will act as major supports.
Learn How To Analysis Technical Chart 
Technically COMEX Silver is weak on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3430$ an ounce, then below 3340$ an ounce it can go down and can test the level of 3250$ an ounce. Trade by keeping the proper stop losses.
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