MCX Silver may trade sideways; pivot point at 53375 | August 08, 2012 12:36 | Commodity Market

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MCX Silver may trade sideways; pivot point at 53375

Last Updated : August 08, 2012 12:36 IST

Market Intelligence

AHMEDABAD(Commodity Online): MCX silver for September delivery may trade sideways with key resistance expected at 53726, 53611 and 53490. Pivot point is deemed to be at 53375. First support level expected at 53254, 53139 and 53018. The contract was seen trading at 53301 at 12.22 pm IST. It touched a high of 53399 and a low of 53233.

This is according to analysts at Commodity Online.

On the MCX, silver was seen trading at 53266 on 12.33 pm.