Wednesday, June 15, 2011

Silver Price

Precious metal price seems too fast. Sept silver investment on Comacs sense has acquired 35.6 $ $ $ $ per oz.. About 2 % progression managing business the next day with silver $ $ $ $ per oz. at the stage of 35.4 was able to go to.

Silver is too gradually business business. MCX silver on globally areas because of prone business business has come down to Rs 53,000.

Silver investment acquired Thursday settled up by 1.12% at 53193 as a gradual dollars and bargain-basement expenditures attracted investors back to precious metal silver coins. Precious metal overrode early listlessness to settle higher as well, on positive Chinese suppliers details and some factors of U.S. details served birdwatcher and other foundation materials, while annoying auto sales damage palladium and bracelets.

In the U.S., low price expenditures improved 0.2% in May, the slowest speed in 10 months, as the price of food slipped and the increase in energy expenditures indicated off, the Work Office unveiled Thursday. Now mechanically market is interacting in the wide range as RSI for 18days is currently displaying 40.45, where as 50DMA is at 58660.16 and silver is interacting below the same and getting support at 52251 and below could see a test of 51308 stage, And stage of stage of resistance is now likely to be seen at 53718, a move above could see expenditures analyzing 54242.

Trading Ideas:

Silver interacting wide range is 51308-54242.

Silver price completed higher as actual economic issues tough the prices

Silver is having stage of stage of resistance at 53718 and support at 52251 stage.

Holdings at ishares silver believe in slipped by 42.46 plenty to 9665.52 plenty.

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