Friday, March 16, 2012

MCX Silver Tips For Today: 17th March '12

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MCX Silver Trend-
MCX Gold Ended with a small bullish trend in the domestic market, while silver has declined strongly. Light edge with gold on MCX is trading at Rs 27783, while silver has fallen by nearly 1.5 per cent on friday. Rolled around 1 per cent of the gold in the international market, while silver has broken more than 1 per cent on friday. Gold was largely unchanged on Friday, but posted its second-biggest weekly decline this year due to an early week drop after the Federal Reserve withheld additional easing amid a string of encouraging US economic data. Slowdown in the international market in gold, while silver is still intact in the fall.

Silver May 12 contract was up by 0.13% to Rs 57,232 per kg, SilverM April 12 contract was up by 0.13% to Rs 57,334 per kg and SilverMIC April 12 contract was up by 0.10% to Rs 57,334 per kg. According to our reports it is not a right time to enter in mcx silver.

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