Tuesday 17 July 2012

GOLD SILVER UPDATE


Silver is a very ductile and malleable metal used for thousands of years for ornaments and utensils, for trade, and as the basis for many monetary systems. Its value as a precious metal was long considered second only to gold it was often more valuable than gold. Silver moved higher in yesterday session as euro surged against dollar but it's fall again today. BUY SILVER SEP ABOVE 52950 TARGETS 53015, 53100 , 53200 STOPLOSS 52823.now silver mcx is 53010 it’s percentage of changes is 271. 
Gold trading range for the day is 29104-29418. Technically market is trading in the range as RSI for 18 days is currently indicating 41.93, where as 50 DMA is at 29681.28 and Gold is trading below the same and getting support at 29192 and below could see a test of 29104 level, And resistance is likely to be seen at 29349, a move above could see prices testing 29418.

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