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Monday, August 27, 2012

MCX Silver Tips for The Week

COMEX Silver turned technically bullish on charts after breaking the consolidation of eight weeks.
Last week COMEX Silver was given break out above the level of $28.40 and gave closing above
major level of $30.10.

Technically COMEX Silver is consolidating on charts. For the next week traders can buy on lower level strategy. If Silver sustains above the level of $30.00 an ounce, then above $30.80 COMEX Silver can test the level of $31.20/$31.70/$32.20 an ounce.

MCX, Silver needs to sustains above 56100 to maintain the bullish trend. Above 57600 it can test the level of 58100/58600/59200, Trade by keeping the proper stop losses.

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