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MCX Silver Short Term Bearish

Posted by : Karan Hakim on | Feb 23,2015

MCX Silver prices on weekly chart as shown above are trading in bearish trend indicated by lower highs lower lows. Silver prices have entered in a major down trend with the breach of important support at Rs.39500. We expect prices to continue down trend towards our target at Rs. 36800 with resistance at Rs.39000.

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