Silver Tips Today: MCX Market Updates

Though Commodity Market is likely to face a range bound session today still we can expect some momentum in Gold and Silver prices. From Short term perspective, MCX Silver can be a good trade today. Accumulating silver (May) futures at current level is looking viable for short term trade. We can expect silver prices to reach up to 55500-559000-56200 level very soon. 55150 is the nearest support for this precious commodity. So keep a stop loss price accordingly.