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Wednesday, October 19, 2011

Silver Trading Tips For Today ...

Silver is a most volatile bullion metals  which performing best in past year, may rebound from a bearish commodity market as invesrors decide on growth in developing nations and an extended European debt crisis.

Tosay Silver prices looking down. The backdrop is still very supportive for gold and we think that silver will leverage off the back of that. Emerging markets are going to be important for demand for sure.
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Gold Silver and Copper Tips For Today with Market analysis Report

Today sharp declining seen in Silver on MCX.Flat silver is trading around Rs. 53150. break in the silver went down to Rs 52 500.
The gold is also traded lower by 0.15 per cent at Rs 26,500 per 10 grams . In day trading 10 grams per 26 400 gold on MCX was at the lower level.
On MCX, crude oil 0.5 percent, with strength is trading at 4,363 rupees per barrel. While on MCX Copper is being witnessed selling pressure. Rate of fall 1 percent at Rs 364.80
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MCX Commodity Market News Highlights and Benchmarks for Today

Gold Slides as macro worries lift dollar.
Oil falls as china GDP disappoint, euro zone weigh.
Copper falls on Europe anxiety, china GDp.
Indian spices complex trade bearish.
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Gold Silver Tips For Today with News analysis and Technical Levels

MCX Silver Tips For Today :-
Silver showing first resistance near of 57400 and another resistance  I expect near about 55200.
Silver has first support very close to 51800 if down from this level it will seem 49500 levels.
Gold Tips
Gold first resistance should be near of 26950 and if go up from this level it is seeming at level of 25820.
and Support 1 around 26000 and next should be near about 25820.
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