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Monday, May 28, 2012

Silver Tips Today

The Bullion metals are likley to trade in sideways mode. However currently MCX silver (July contract ) is trading marginally up nearly 0.06% and it touched an intra-day high of Rs 54867.

Technically to achieve proper bullish pace, this precious metal is required to trade consistently above 54800. Today, Rupee has recovered strongly and this recovery can help persisting the downside pressure of Gold and Silver prices.

If silver traders below 54450, traders can go for sell for the targets of 54150-53850. 
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