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Sell Silver Blow at 52200 Stoploss- 52400 Target- 51800 51500
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Japan's decline has had the effect on silver prices. Silver in the spot market has come down to Rs 53,000.
Only two days in the business of silver prices has come down to around Rs 1,800. Foreign markets due to the decline in silver futures are now down. MCX May futures by Rs 52,000 than put down the dive.
After the tsunami disaster occurred in Japan due to the silver in the international market this week has broken about 4 per cent. Taking place in the world consumption of silver in Japan's share is about 9 per cent.
After last week's sharp fall today, all base Metals are traded on the edge. On MCX, Copper Metal, including nearly 1 percent of all base is increasingly being seen. London Metal Exchange on domestic business has had the effect of the boom.
Today after yesterday's sharp drop in gold and silver business is slow. 5 per cent this week on MCX silver and gold has witnessed a decline of around 3 per cent.
