As we have predicted in out last week report that Silver prices might bounce back till 54800 levels and id did the same .
Silver Updates Today : Short term positive bias over all.. consider support 57310...resistance 58483 watch out.
Silver traded flat to positive getting support from crude and base metal and settled at +0.37 up at 57919, as investor concern eased that Greece may become the first euro country to default, paring demand for the precious metal as a haven. Silver also dropped. Cash silver weakened as much as 1 percent to $38.14 an ounce. Greece will probably get the loans needed to avoid default, Fitch Ratings said yesterday.
Trading Ideas:
Silver trading range is 56814-59032.
Silver rebounded smartly on renewed buying by stockists and speculators on the back of rising global trend.
Silver is having resistance at 58476 and support at 57367 level.
In spot silver is getting resistance at 38.80$ and support is at 37.40$ level.
Silver rebounded smartly on renewed buying by stockists and speculators on the back of rising global trend.Silver is having resistance at 58476 and support at 57367 level.
In spot silver is getting resistance at 38.80$ and support is at 37.40$ level
Silver , gold come under precious metals and high risk is associated with them as they are price volatile. Traders can know about its updates by exploring posts like these. Live updates can be gained by following epic research .
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