MCX Silver Short Term Bearish

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Posted by : Karan Hakim on | Feb 25,2015

MCX Silver Short Term Bearish

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. 33800 with resistance at Rs.37200.

 

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