Friday, 31 August 2012

MTECHTIPS

MTECHTIPS:-SILVER

Silver  witnessed  another  session of profit taking, as the commodity dipped to close  below  the  57000 levels.  The commodity  in coming sessions  has strong support at lower levels around  56700. Any dip in the commodity below these levels will open up levels of 56000 and lower in coming days.Silver has  strong resistance above  57400 levels and if it manages to hold above these levels we may soon test levels of 57900. Profit taking is seen in the commodity.

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