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.
