Silver trend today
MCX Silver was trading in red today. Silver prices slipped Rs. 176 and were trading at Rs. 52,591 in futures due to the reduction of positions by the speculators. MCX Silver August contract fell Rs. 126 and was trading at Rs. 52674. The SILVERM August contract touched an intraday high of Rs. 52755 and an intraday low of Rs. 52460.
Silver September contract fell around 0.33 percent and was trading at Rs. 52591 per kg.
The white metal November contract was also trading in red witha loss of Rs.104. The SILVERM prices reached an intraday high of Rs. 54446 and an intraday low of Rs. 54213
Similarly silver December contract slipped Rs. 173 and was trading at Rs. 54,288
Bullion tips for today:
MCX Silver Tips:
Sell Silver on higher level. Silver first support level is 52000, and Resistance is 54200, Second support level is 50800 and resistance is 55000.
MCX Gold Tips:
Sell Gold on higher level.
Gold first support level is 29000, resistance is 29500. Second support level is 28800 and resistance is 29800.
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